: Liabilities weaken improvements in liquidity Washington, DC – Today the Postal Regulatory Commission (Commission) released its Financial Analysis report, which analyzes the overall financial position of the United States Postal Service in Fiscal Year (FY) 2017. In FY 2017, the Postal Service recorded its first net loss from operations, since FY 2013, of $1.3 […]
NALC President Fredric Rolando’s statement on the Feb. 9 release of the U.S. Postal Service’s financial statement for the first quarter of Fiscal Year 2018, covering the months of October, November and December of 2017: Today’s financial report for Fiscal Year 2018’s first quarter shows the Postal Service’s underlying business strength while also indicating the […]
The Postal Service agrees with the PRC’s conclusion that the current consumer price index price cap does not work and needs to be changed because it does not allow USPS to achieve its mission of providing prompt, reliable and efficient universal postal services in a financially sustainable manner. Urgent need remains for postal reform legislation […]
11/14 2017 Statement from National Association of Letter Carriers President Fredric Rolando on the release of the U.S. Postal Service’s financial report for Fiscal Year 2017: Today’s Fiscal Year 2017 financial report shows the underlying business strength of the U.S. Postal Service while also indicating the need to address external matters beyond USPS control. The […]
USPS reports Fiscal Year 2017 3rd quarter results The U.S. Postal Service has released a report on its financial results for the third quarter of Fiscal Year 2017, covering April 1-June 30. Here is NALC President Fredric Rolando’s statement on the report: Today’s financial report shows the underlying business strength of the U.S. Postal Service […]
(Associated Press) WASHINGTON — The U.S. Postal Service is warning that it will likely default on up to $6.9 billion in payments for future retiree health benefits for the fifth straight year. It is citing a coming cash crunch that could disrupt day-to-day mail delivery. The post office says it expects cash balances to run […]
Revenue of $16.7 billion, essentially flat compared to third quarter last year excluding prior year change in accounting estimate Urgent need remains for postal reform legislation and regulatory relief in addition to continuing management initiatives 8/10/17 WASHINGTON — The U.S. Postal Service reported revenue of $16.7 billion for the third quarter of fiscal year 2017 […]
Operating revenue impacted by the expiration of the exigent surcharge Net loss of $562 million Urgent need to advance postal reform legislation WASHINGTON — Although the U.S. Postal Service posted modest controllable income for the second quarter of fiscal year 2017 (January 1, 2017 – March 31, 2017) of $12 million, it fell well short of […]
NALC statement on USPS’ May 10 quarterly financial report On May 10, the U.S. Postal Service service released a report on its financial performance for the second quarter of Fiscal Year 2017, covering January, February and March of 2017. Here is National Association of Letter Carriers President Fredric Rolando’s statement about this report: Today’s financial […]
3/31/17 Washington, DC – Today the Postal Regulatory Commission (Commission) released its Financial Analysis report, which analyzes the United States Postal Service’s Fiscal Year (FY) 2016 overall financial position. In FY 2016, the Postal Service generated an Operating Income of $610 million despite an increase in operating expenses and the expiration of the exigent surcharge […]