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 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 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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