The US Postal Service filed its fourth month preliminary financial report of the 2013 fiscal year (unaudited) with the Postal Regulatory Commission (PRC) . USPS reported a net operating loss of $437 million for the month of January 2013 (PDF). This same period last year saw a $1.3 billion net loss.   After four months into FY 2013 USPS reports a net loss of $1.7 billion (same time last year it was $4.5 billion).

Dec 2012 $509 million loss SPLY $1.422 billion
Nov 2012 $816 million loss SPLY $1.267 billion
Oct 2012 $61 million profit SPLY $139 million

Workhours were up  2.3% from SPLY of 2.2%.

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The number of career employees on January 31, 2013, 520,4438, non-career was 110,662.

Postal Service Totals
Volume 13,596,784 or 1.7%
Revenue $5626881 or 4.4%

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5 Comments

  1. Jackie says:

    PMG should appoint 2 more kiss ass vice presidents to study the reason of profit loss.

  2. Tex says:

    I just retired and I’m getting less sleep per day then when I worked. Now I’m only sleeping 8 hrs a day. Before I was sleeping 8 hrs at home and 4 at work. Now I ask you is that fair?

  3. Abe says:

    Workhours increased TO sply; volume increased. revenue increased loss was only $1.7 billion compared to $4.5 billion SPLY. Craft employees increased efficieny which improved bottomline cost factor. Eliminating 6 day street delivery to 5 day street delivery would create a positive bottomline. Eliminating and consolidating once rural community officies but due to changing demographics are now
    suburban community officies many within 6-7 mile radius of each other with a high level office serving the areas around these officies. Many of these small officies have no delivery and only provide retail and box service with nearby national drug and groceries stores selling postage stamps and money orders.
    Many of these wasted cost officies that are non essential in providing postal services have salaries exceeding $60,000 depending on length of service.
    Politicans that support keeping the USPS operating on a fiscial clift need to face reality and support restructing from headquarters to level 11 officies that are a wasted cost as their existence has outlived their need in the advanced communication technology in the 21st century.

  4. Foskeen says:

    With the revenue loss. We now carry GPS devices to track our every move here in Philly. It’s all beginning to come full circle. LOOK FOR ANOTHER LINE OF WORK in another country.

  5. enufisenuf says:

    If I take an early out from USPS, as a dues paying member of the APWU, will I be able to receive an annuity or lump sum payout from the APWU Retirement Fund for its members?