USPS reports second-quarter financial results

May 9, 2024 The Postal Service has reported its financial results for fiscal year 2024’s second quarter (Jan. 1-March 31). Here are some highlights: • Revenue. Total operating revenue was $19.7 billion, an increase of 2.1 percent compared with the same quarter one year earlier. Shipping and packages revenue increased 1.2 percent, First-Class Mail revenue increased…

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Independent Auditor’s Report on the USPS Fiscal Year 2023 Reclassified Financial Statements

Opinion on the Reclassified Financial Statements We have audited the accompanying Reclassified Financial Statements of the U.S. Postal Service, which comprises the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Reconciliation Report – Reclassified Balance Sheet as of September 30, 2023, and the related GTAS Reconciliation Reports – Reclassified Statement of Net Cost and…

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U.S. Postal Service Board of Governors to Meet Nov. 14

November 3, 2023 WASHINGTON, DC — The U.S. Postal Service Board of Governors will meet Nov. 14, 2023, in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at noon ET in the Benjamin Franklin Room on the 11th floor. The Board is…

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USPS CFO discusses 10-year plan in latest video

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…

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USPS: Third-quarter financial results reported

August 7, 2020 The coronavirus pandemic continues to have an unpredictable effect on the Postal Service, the organization’s latest financial report shows. The results, released Aug. 7, show USPS reported total revenue of $17.6 billion for fiscal year 2020’s third quarter (April 1-June 30), up 3.2 percent compared with the same period one year earlier….

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OIG Report: Internal Controls Over Single Drawer Accountability – [Redacted] Post Office

Background U.S. Postal Service management reported stock shortages at a remotely managed post office in [redacted] in June 2016 and November 2016. The reported shortages were $1,706, or 34 percent, and $1,051, or 21 percent, respectively, of the office’s total authorized limit of $5,000 for cash and stamp stock. A remotely managed post office offers…

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Video: USPS CFO Joe Corbett reports second-quarter financials

The Postal Service’s second-quarter operating revenue rose to $17.7 billion, a 4.7 percent increase over the same period last year, Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video message. Corbett attributes the rise to double-digit increases in shipping and package volumes, pricing strategies and the performance of USPS employees. “January…

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APWU: Postal Service’s Financial Report Brings Good News

Web News Article #: 215-2015 11/16/2015 – The Postal Service’s latest financial report, which showed an operating profit of $1.2 billion, is good news, said APWU President Mark Dimondstein. “The report shows there is absolutely no justification for cuts in service to the American people or to the wages and benefits of postal employees,” he…

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