NALC President Rolando’s statement on USPS’ Fiscal 2016 report

Statement from Fredric Rolando, president of the National Association of Letter Carriers, on USPS’ annual financial report: Today’s Postal Service financial report shows a $610 million operating profit for Fiscal Year 2016, demonstrating the strength of the postal turnaround. USPS now has three straight years of operating in the black, with a total operating profit…

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PMG’s Salary is $286,000 – one tenth of what UPS and FedEx counterparts receive

The chief executive of the U.S. Postal Service was paid less than one tenth of what her counterparts at competitors UPS and FedEx received last year. Postmaster General Megan Brennan’s salary during Fiscal Year 2016 was $286,137, the USPS revealed today in a financial statement (Page 72 of this PDF). The total value of her…

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USPS Reports $5.6 billion net loss in Fiscal Year 2016 

The Postal Service has reported a net loss of approximately $5.6 billion for fiscal 2016 (Oct. 1, 2015-Sept. 30, 2016), compared to a $5.1 billion loss for the previous fiscal year. The fiscal 2016 loss was driven by mandated retiree health benefits expenses. If this prefunding obligation was excluded, USPS would have recorded net income…

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PRC Recommends the President and Congress Address Financial Condition of USPS

Press Release – November 14, 2016 Washington, DC – The Postal Regulatory Commission (Commission) today made its recommendations to the President and Congress to address the volatile financial condition of the U.S. Postal Service. The Commission is required every five years under Section 701 of the Postal Accountability and Enhancement Act of 2006 (PAEA) to…

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