Postal Service employees have continued to serve the nation during the COVID-19 pandemic and the historic election season Urgent need for aggressive management action, innovation, and legislative and regulatory reforms Mail volume decline of 13.8 billion pieces accelerated by the pandemic Operating revenue increase of nearly $2.0 billion due to higher package demand driven by […]
The Postal Service’s financial report for the first quarter of fiscal 2020 underlines the need for congressional action on common-sense legislative reform. The first step toward such reform is the USPS Fairness Act, which a large bipartisan majority of the House of Representatives voted for earlier this week. The entire first quarter loss—$748 million—stems from […]
Revenue of $19.4 billion; package revenue of $6.6 billion Net loss of $748 million reflects continued systemic challenges Work hour reduction of 6.4 million demonstrates continued aggressive management actions WASHINGTON – The U.S. Postal Service reported total revenue of $19.4 billion for the first quarter of fiscal 2020 (October 1, 2019 – December 31, 2019), a decrease […]
The large loss posted by the U.S. Postal Service in Fiscal Year 2019 ($8.8 billion) is largely the result of external factors, not the normal operations of the agency. More than half the loss stems from the 2006 congressional mandate that requires the Postal Service, alone among all public agencies and private companies, to pre-fund […]
Operating revenue increase of $514 million Overall volume decline of 3.8 billion pieces Urgent need to advance legislative and regulatory reforms, along with continued aggressive management and innovation WASHINGTON – The U.S. Postal Service reported operating revenue of $71.1 billion for fiscal year 2019 (October 1, 2018 – September 30, 2019), an increase of $514 million compared […]
The Postal Service’s financial report on Friday shows the Postal Service’s underlying business strength while also indicating the need to address external matters beyond USPS control. Despite increased revenue of $555 million in the first six months of Fiscal Year 2019 compared to the same period last year, USPS reported an operating loss of $909 […]
Loss from operations (“controllable” loss) $806 million Revenue of $17.5 billion, essentially unchanged compared to same quarter last year Net loss of $2.1 billion USPS remains focused on aggressive management actions and legislative and regulatory reforms to provide Americans with a financially sustainable Postal Service WASHINGTON – The U.S. Postal Service reported total revenue of $17.5 […]
8/10/2018 NALC President Fredric Rolando’s statement on the release of the U.S. Postal Service’s financial statement for the third quarter of Fiscal Year 2018, covering the months of April, May and June of 2018: The Postal Service’s quarterly financial report shows the Postal Service’s underlying business strength while also indicating the need to address external […]
Financial stability requires urgently needed legislative and regulatory changes Decline in letter mail continues Growth in package volume and revenue 8/9/2018 WASHINGTON — The U.S. Postal Service reported total revenue of $17.1 billion for the third quarter of 2018 (April 1, 2018 – June 30, 2018), an increase of $402 million, or 2.4 percent, compared to the […]
NALC President Fredric Rolando’s statement on the May 11 release of the U.S. Postal Service’s financial statement for the second quarter of Fiscal Year 2018, covering the months of January, February and March of 2018: Today’s USPS quarterly financial report shows the Postal Service’s underlying business strength while also indicating the need to address external […]