June 9, 2022 The Postal Service’s chief financial officer, Joe Corbett, reviews fiscal year 2022’s second quarter (Jan. 1-March 31) in his latest “Dollars and Change” 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…
March 7, 2022 The Postal Service’s performance during the holidays was a “solid victory,” Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. USPS accepted more than 11 billion mailpieces and packages for delivery from Thanksgiving through New Year’s Eve, the organization’s peak season, with an average delivery time of 2.7…
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 “Dollars and Change” video. For fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), total revenue was $77.1 billion,…
September 1, 2021 The Postal Service’s latest quarterly financial report highlights why the Delivering for America plan must be fully implemented, Chief Financial Officer Joe Corbett says in his latest “Dollars and Change” video. During fiscal year 2021’s third quarter (April 1-June 30), the organization’s total operating revenue was $18.5 billion and total operating expenses…
May 26, 2021 A coronavirus pandemic-fueled surge in package deliveries has not been enough to offset the Postal Service’s increased operating costs and declining revenue from mail services, Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. During fiscal year 2021’s second quarter (Jan. 1-March 31), the organization’s total revenue was…
March 12, 2021 Chief Financial Officer Joe Corbett reviews the Postal Service’s latest quarterly financial results in a “Dollars and Change” video released this week. During fiscal year 2021’s 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…
Chief Financial Officer Joe Corbett discusses the Postal Service’s year-end financial report in his latest “Dollars and Change” 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…
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 “Dollars and Change” 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…
