USPS: First-quarter financial results reported

The Postal Service has reported its financial results for fiscal 2019’s first quarter (Oct. 1-Dec. 31, 2018). Here are some highlights: • Revenue. Total revenue was $19.7 billion, up 2.9 percent compared to the same period one year earlier. First-Class Mail revenue declined 1.2 percent, while Marketing Mail revenue increased 4.9 percent. Shipping and packages…

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USPS OIG: Postal Service Board of Governors’ Travel and Miscellaneous Expenses for Fiscal Year 2014

Audit Report – FT-AR-15-001 – 12/05/2014 Background The Postal Reorganization Act of 1970, as amended, established the U.S. Postal Service Board of Governors (Board), which is composed of the postmaster general, deputy postmaster general, and nine governors appointed by the President of the United States. As of September 30, 2014, the Board consisted of the…

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USPS Employees Used Travel Cards for Grocery Shopping, Eating Out

(July 3, 2014) U.S. Postal Service employees spent hundreds of thousands of dollars over the past few years on unauthorized cash withdrawals and personal purchases using government travel cards, according to a new report. USPS’ inspector general found a lack of oversight allowed employees to take between April 2012 and March 2013 more than $215,000…

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An unaccountable Postal Service drowns in red ink

The Postal Service can’t keep track of what it spends on fun The U.S. Postal Service is in precarious shape. The postmaster general and his leadership team have been commissioned to give Congress and the public the assurance that they’re doing something to correct a culture of waste and mismanagement and to put the agency…

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