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 […]

USPS responds to error-riddled article by Americans for Tax Reform

USPS sets the record straight on an article by Americans for Tax Reform Your recent column “USPS Posts Half a Billion in Losses Despite Billions in Subsidies” is overtly flawed and significantly exaggerated. The entire piece is based on a competitor-funded paper fraught with errors about the financial status of the Postal Service that the […]

Senator Carper Statement on U.S. Postal Service Financial Losses

August 0, 2015 -WASHINGTON – Today, Senator Tom Carper (D-Del.), ranking member of the Homeland Security and Governmental Affairs Committee, released a statement following the announcement that the U.S. Postal Service reported a net loss of $586 million in the third quarter of fiscal year 2015: “Today’s financial report highlights the Postal Service’s best efforts […]

NALC President: After three quarters, USPS operating profit for FY 2015 stands at $1.2 billion

NALC President Fredric Rolando statement on USPS quarterly report Today’s results show the impressive Postal Service financial turnaround continuing in full force. After three quarters, the operating profit for 2015 stands at $1.2 billion, compared to $1 billion for the first three quarters of 2014. The relatively small operating loss of $197 million for the […]