USPS financial results: Packages up, mail down in second quarter

In fiscal 2015’s second quarter (Jan. 1-March 31), the Postal Service’s operating revenue increased $223 million, or 1.3 percent, when compared to the same period one year earlier. The net loss was $1.5 billion compared to $1.9 billion a year ago. The operating revenue increase was driven by 14.4 percent growth in shipping and package […]

Carper: USPS financial report shows need to pass postal reform ASAP, postal roundtable scheduled May 12th

Friday, May 8, 2015 WASHINGTON – Today, Senator Tom Carper (D-Del.), ranking member of the Homeland Security and Governmental Affairs Committee, released the following reaction to the announcement that the U.S. Postal Service reported a net loss of $1.5 billion in the second quarter of fiscal year 2015: “Today’s financial report shows that despite a […]

NALC President Fredric Rolando’s statement on USPS quarterly report

From Fredric Rolando, president of the National Association of Letter Carriers “Today’s results show the impressive Postal Service financial turnaround continuing in full force. The quarter’s $313 million operating profit puts black ink for the first half of the year above $1.4 billion – surpassing all of last year’s operating profit. “Equally encouraging is what […]

USPS Reports $1.5 Billion Net Loss in Q2 – $313 million profit without Prefunding

Package Volume increased 14.4 percent over same quarter last year Mail volume decreases continued in second quarter Ongoing capital investments remain a priority May 8, 2015 WASHINGTON — The U.S. Postal Service ended the second quarter of fiscal 2015 (Jan. 1, 2015 – March 31, 2015) with an operating revenue increase of $223 million, or […]

Senator Carper Reacts to PRC Financial Analysis of U.S. Postal Service

April 2, 2015 – WASHINGTON – Today, Sen. Tom Carper (D-Del.), Ranking Member of the Homeland Security and Governmental Affairs Committee, released the following statement in reaction to the Postal Regulatory Commission’s second financial analysis report of the U.S. Postal Service’s financial results and 10-K statement: “This report from the Postal Regulatory Commission confirms much […]

PRC Releases Its Analysis of USPS Financial Health: Report Highlights Continuing Losses

Washington, DC – The Postal Regulatory Commission yesterday released its second Financial Analysis report of the Postal Service’s financial results and 10-K statement. The report was developed using information from the Postal Service’s FY 2014 10-K and measured against its FY 2013 and 2014 Integrated Financial Plan; Cost and Revenue Analysis report, Cost Segments and […]

USPS operating profit $1.4 billion for first five months of FY 2015

$1.4 billion Postal Service operating profit for first five months of FY 2015 (greater than operating profit for full FY 2014) For the fiscal year so far (October 2014-February 2015), the Postal Service has a $1.401 billion operating profit (see ‘Controllable Operating Income (Loss)’ line in the report linked here). This result, for the first […]

USPS reports $195 Million Operating Profit for January 2015 – YTD $1.325 Billion

On Feb. 25, 2015, the U.S. Postal Service’s financial results for the month of January 2015 were posted on the Postal Regulatory Commission’s website. For the month of January 2015, the Postal Service reported a $195 million operating profit. For the fiscal year to date, USPS now has a $1.325 billion operating profit. The $195 […]

Senator Carper says USPS $1.1 billion profit shows “urgent” need for postal reform

Yesterday the National Association of Letter Carriers wrote: The Postal Service financial turnaround is continuing into its third year of operating profitability, never more evident than in this quarter with its $1.1 billion operating profit and the increase to $7 billion in available cash. The CFO called it “a fantastic quarter.” But Senator Thomas Carper […]

Postal Service 1st quarter financial results release date announced

Postal Service 1st quarter financial results release date announced January 23, 2015 -Mark your calendars: The Postal Service will report its first fiscal quarter results (the period from Oct. 2014 through Dec. 2014) on Friday Feb. 6. The Temporary Emergency Committee of the Board of Governors session in Washington, DC, will begin at 8:30 a.m. […]