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 million operating profit reflects a $73 million increase over January 2014 and $440 million higher operating profit than the Postal Service forecasted. The operating profit does not include retiree health benefits pre-funding or changes in workers’ compensation accounting estimates (a non-cash item).
First-Class Mail volume was up by 1.4 percent, Shipping & Packages volume was up by 5.4 percent, and Standard Mail volume was down by 3.3 percent (all compared to the same month last year).
First-Class Mail revenue was up by 5.5 percent, Shipping & Packages revenue was up by 5.4 percent and Standard Mail revenue was up by 0.3 percent (all compared to the same month last year). Source: NALC
Download the full report (PDF)
We all know the Postal Service top management will quickly turn that notable profit into a fanthom loss on “paper” citing the Annual Retirement Fund and employee insurance(?) expenses. They(the PMG and the honchos VPs) will make sure The Congress and the media and the American Public never hear the truth about that profit! It’s an inconvenient assett to their twisted agenda of privatizing and wrecking a recovering Postal Service.
It’s a contract year. How do you think the numbers from the Postal Service will look? I’m sure they are saying we lost millions, need to consolidate plants, and need to reduce the workforce. All this while hiring more and more overpaid VPs for our new PMG.
First class mail volume was up??????? who put these numbers together????
ask Democrat Sen Diane Feinstein and her hubby Blum…….they are the ones that got a no-bid postal contract to buy/sell/lease postal property……..making millions and millions of dollars. the demonKKKats are out for the little guy right…………thats what all your brainwashing has led you to believe right………Obonghit is in white house so you will get a 5% yearly raise right! so if you dont get it its the fault of the left left!
How come nobody is questioning where the 400 million dollars is from the selling of all the post offices around the country??? Where’s the money at???
that was the nalc numbers…… wonder if the postal services numbers will be spun a different way