USPS CFO Corbett reviews fiscal year 2022’s second quarter (video)

June 9, 2022 The Postal Service‚Äôs chief financial officer, Joe Corbett, reviews fiscal year 2022‚Äôs second quarter (Jan. 1-March 31) in his latest ‚ÄúDollars and Change‚ÄĚ video. USPS reported $19.8 billion in operating revenue, total operating expenses of $20.4 billion and an adjusted loss of $1.7 billion for the quarter. The organization also reported improvements…

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USPS: CFO reports first-quarter results (video)

March 7, 2022 The Postal Service‚Äôs performance during the holidays was a ‚Äúsolid victory,‚ÄĚ Chief Financial Officer Joe Corbett reports in his latest ‚ÄúDollars and Change‚ÄĚ video. USPS accepted more than 11 billion mailpieces and packages for delivery from Thanksgiving through New Year‚Äôs Eve, the organization‚Äôs peak season, with an average delivery time of 2.7…

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USPS CFO reports on FY 2021 results (video)

December 3, 2021 USPS reported mixed results for fiscal year 2021, but fully enacting the Delivering for America plan will help put the organization back in the black, Chief Financial Officer Joe Corbett says in his latest ‚ÄúDollars and Change‚ÄĚ video. For fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), total revenue was $77.1 billion,…

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USPS CFO discusses 10-year plan in latest video

September 1, 2021 The Postal Service‚Äôs latest quarterly financial report highlights why the Delivering for America plan must be fully implemented, Chief Financial Officer Joe Corbett says in his latest ‚ÄúDollars and Change‚ÄĚ video. During fiscal year 2021‚Äôs third quarter (April 1-June 30), the organization‚Äôs total operating revenue was $18.5 billion and total operating expenses…

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USPS CFO Corbett discusses USPS finances, 10-year plan

May 26, 2021 A coronavirus pandemic-fueled surge in package deliveries has not been enough to offset the Postal Service‚Äôs increased operating costs and declining revenue from mail services, Chief Financial Officer Joe Corbett reports in his latest ‚ÄúDollars and Change‚ÄĚ video. During fiscal year 2021‚Äôs second quarter (Jan. 1-March 31), the organization‚Äôs total revenue was…

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USPS CFO reviews quarterly financial results (video)

March 12, 2021 Chief Financial Officer Joe Corbett reviews the Postal Service‚Äôs latest quarterly financial results in a ‚ÄúDollars and Change‚ÄĚ video released this week. During fiscal year 2021‚Äôs first quarter (Oct. 1-Dec. 31, 2020), USPS recorded total revenue of $21.5 billion and total operating expenses of $21.1 billion, leaving the organization with net income…

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USPS: The year in finances – Corbett delivers update in new video

Chief Financial Officer Joe Corbett discusses the Postal Service‚Äôs year-end financial report in his latest ‚ÄúDollars and Change‚ÄĚ video. USPS recently reported $73.1 billion in operating revenue for fiscal year 2020 (Oct. 1, 2019-Sept. 30, 2020) and $82.2 billion in operating expenses, leaving the organization with a net loss of $9.2 billion. First-Class Mail and…

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USPS CFO Corbett reviews third-quarter finances in video

September 1, 2020 The Postal Service is continuing to experience dramatic shifts in its business due to the coronavirus pandemic, Chief Financial Officer Joe Corbett reports in his latest ‚ÄúDollars and Change‚ÄĚ video. Quarantines, stay-at-home orders and travel restrictions have affected customers and businesses, leading to deep declines in First-Class Mail and Marketing Mail volumes…

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