APWU: Postal Service Reports Fiscal Year 2016 Financial Results

11/16/2016 – According to USPS’s financial results released on Nov. 15, the Postal Service gained $610 million in operating profit in Fiscal Year (FY) 2016. Despite what the headlines say, the Postal Service has now been operating in the black for three straight years, with operating profits totaling $3.2 billion since 2013. Unfortunately, this good […]

NALC President: USPS financial report shows $610m operating profit –$3.2b since 2013

Statement from Fredric Rolando, president of the National Association of Letter Carriers, on USPS’ annual financial report: Today’s Postal Service financial report shows a $610 million operating profit for Fiscal Year 2016, demonstrating the strength of the postal turnaround. USPS now has three straight years of operating in the black, with a total operating profit […]

NALC: USPS $1.833 billion YTD operating profit

5/10/16 NALC President Fredric V. Rolando’s statement on the U.S. Postal Service’s financial report for the second quarter of Fiscal Year 2016, covering January, February and March. (Click here to jump below to a summary of press coverage.) The $576 million quarterly operating profit announced today by the Postal Service is positive news for an […]

USPS Reports FY 2016 Second Quarter Results – Operating Profit $1.8 billion without prefunding

Operating revenue grew 4.7 percent to $17.7 billion Controllable income totaled $576 million; net loss of $2.0 billion reported Postal Service revenue benefited from exigent surcharge, which expired on April 10, 2016 Legislative reform and focus on innovation and efficiency remain necessary  WASHINGTON — The U.S. Postal Service reported operating revenue of $17.7 billion for […]

USPS Reports $248 million profit for month of February 2016

According to a report filed with the Postal Regulatory Commission, the U.S. Postal Service reported operating revenue (without the mandatory prefunding for healthcare) of $248 million for the month of February of fiscal year 2016, an increase of $172 million over the same period last year. Net income for February (mandatory prefunding for healthcare) the was […]

NALC President: USPS’ $1.3 billion quarterly operating profit is not a fluke

Rolando statement on USPS’ quarterly financial report 2/9/16 NALC President Fredric Rolando issued a statement following the U.S. Postal Service’s release today of its financial report for the first quarter of Fiscal Year 2016, covering October through December of 2015: The $1.3 billion quarterly operating profit announced today by the Postal Service is positive news […]

USPS Reports $1.3 billion Profit for Fiscal Year 2016 First Quarter

U.S. Postal Service Reports Fiscal Year 2016 First Quarter Results Operating revenue grew 3.3 percent to $19.3 billion Controllable income totaled $1.3 billion; net income of $307 million reported Postal Service benefited from exigent surcharge, which is expected to expire in April Legislative reform and careful focus on cost containment remain necessary  2/9/16 WASHINGTON — […]

PMG and CFO Host Web Call on USPS FY 2016 First Quarter Financial Results

WASHINGTON, DC, Feb. 2, 2016 — What: Telephone/Web conference on U.S. Postal Service Fiscal Year 2016 First Quarter Results Who: Postmaster General and CEO Megan J. Brennan; CFO and Executive Vice President Joseph Corbett When: Tuesday, Feb. 9, 2016 at 10:00 a.m. ET Background: Postmaster General & CEO Megan Brennan and Chief Financial Officer Joseph Corbett will […]

NALC President Rolando’s statement on USPS’ FY2015 financial report

The U.S. Postal Service today released its financial report for Fiscal Year 2015, covering the period from Oct. 1, 2014, through Sept. 30, 2015. Here is a statement from National Association of Letter Carriers President Fredric Rolando: The $1.2 billion in annual operating profits reported today by the Postal Service is terrific news that augurs […]

USPS kicks off Q4 2015 with boosts in shipping revenue, employee workhours increase

The U.S. Postal Service started the Fiscal Year 2015 fourth quarter (July 1, 2015 – July 31, 2015) with an operating revenue increase of $66 million, or 1.2 percent, over the same period last year. The increase in operating revenue was driven by a 18.0 percent growth in shipping and package volume. The net income […]