Press Release – August 10, 2015 ā¢ Operating revenue of $16.5 billion is level with the same quarter last year ā¢ Shipping and package revenue increase of 10.6 percent ā¢ Productivity improvements continue, somewhat offsetting inflationary cost pressures WASHINGTON — The U.S. Postal Service reported a net loss of $586 million for the third quarter…
Top U.S. Postal Service officials are increasing pressure on Congress to deliver legislation to overhaul the agency, saying that recent improvements in its bottom line will fade away over the coming year. Postmaster General Patrick Donahoe and other agency officials on Friday called the Postal Serviceās last quarter its best in six years, and the…
Shipping and Package Services Revenue Up 6.6 Percent January Price Increase Offsets Continued Volume Loss in First-Class Mail, Driving All Mail Revenue Up $424 Million Need for Comprehensive Legislation Remains Urgent WASHINGTON ā The U.S. Postal Service ended the June 30, 2014, quarter with a net loss of $2.0 billion, compared to a net loss…
āThe situation now, as you can see, is fairly precarious. When you have roughly $4 billion of cash, and over $100 billion in liabilities, it doesnāt take a genius to figure out weāre in a financial crisis.ā āUSPS Chief Financial Officer Joseph Corbett, Wall Street Journal online edition, June 18, 2014 June 18, 2014āPoor Joe…
Through rain, sleet, snow, the mail is delivered and I am truly grateful for the men and women of the US Postal Service (USPS). However, I must admit to being alarmed at the fiscal management of the organization. According to The Hill, āThe USPS lost $1.9 billion over its most recent quarter, despite bringing in…
Where you stand on the U.S. Postal Serviceās financial situation depends on where you walk. āU.S. Postal Service Records Second Quarter Loss of $1.9 Billionā was the headline of a USPS press release issued Friday. But if you are a letter carrier walking city streets and believe your union leaders, Postal Service finances donāt look…
The Postal Serviceās improving financial situation is fueling a debate between the agency, lawmakers and unions over what kind of legislation is needed to save the struggling agency. At stake are billions of dollars, tens of thousands of jobs and the future of the agency. The debate centers on which income best represents the Postal…
