USPS Board of Governors to Meet Nov. 14

WASHINGTON — The U.S. Postal Service Board of Governors will meet Nov.14, 2019, in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 9:00 a.m. ET in the Benjamin Franklin Room on the 11th floor. The Board is expected to discuss the…

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USPS: CFO Corbett reviews latest financial results (video)

In his latest “Dollars and Change” video, Chief Financial Officer Joe Corbett reviews the Postal Service’s financial results from fiscal 2019’s third quarter (April 1-June 30). USPS recorded total revenue of $17.1 billion and operating expenses of $19.3 billion, leaving the organization with a net loss of $2.3 billion. The net loss was driven by…

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New video explains USPS finances

Chief Financial Officer Joe Corbett reviews the Postal Service’s latest in a “Dollars and Change” video released this week. During fiscal 2019’s second quarter (Jan. 1-March 31), USPS recorded revenue of $17.5 billion. Operating expenses were $19.6 billion, leaving the organization with a net loss of $2.1 billion. Several factors contributed to the net loss,…

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USPS: Financial results reviewed in video

In his latest “Dollars and Change” video, Chief Financial Officer Joe Corbett reviews the Postal Service’s financial results for fiscal 2019’s first quarter (Oct. 1-Dec. 31, 2018). “The major trends in our business continue,” he says. USPS recorded $19.7 billion in total revenue, but operating expenses were $21.2 billion, leaving the organization with a net…

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USPS year-end financials discussed in video

Chief Financial Officer Joe Corbett reviews the Postal Service’s year-end financial report in a new “Dollars and Change” video. USPS recorded $70.6 billion in total revenue in fiscal 2018 (Oct. 1, 2017-Sept. 30, 2018), up 1.5 percent from the previous fiscal year. Total operating expenses for the year were $74.4 billion, up 3.1 percent. This…

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USPS CFO Joe Corbett discusses first-quarter numbers

Chief Financial Officer Joe Corbett discusses the Postal Service’s latest financial numbers in a new “Dollars and Change” video. During fiscal 2018’s first quarter (Oct. 1-Dec. 31, 2017), USPS posted total revenue of $19.2 billion and controllable income of $353 million. Controllable income describes net income or net loss that is adjusted for items outside…

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USPS finances discussed in video

The Postal Service continues to face “strong headwinds,” Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. Corbett discusses the financial results from fiscal 2017’s third quarter (April 1-June 30, 2017), which showed year-to-year declines in First-Class Mail and Marketing Mail revenues. He also notes that while USPS is on track…

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USPS financials: Corbett updates employees in new video

(August 24, 2016) Although USPS is growing its shipping business, the organization continues to face financial pressures from ongoing declines in First-Class Mail revenue, Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. To bridge the gap, Corbett says the Postal Service is pursuing a two-pronged strategy: innovating while continuing to…

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