The Postal Service’s total revenue for fiscal 2015 (Oct. 1, 2014-Sept. 30, 2015) was $68.9 billion, up 1.6 percent from one year earlier. The net loss was $5.1 billion, due to certain statutorily mandated payments over which the Postal Service has no control. Controllable income was $1.2 billion. Controllable income is defined as net loss…
(August 12, 2014) The Postal Service, lawmakers and postal unions are still butting heads over whether the improving financial situation at the agency undermines the argument for expansive postal legislation. The Postal Service saw its operating revenue increase by more than $327 million over the same time last year led by an increase in packages,…
WASHINGTON — The financially troubled Postal Service on Friday posted a net loss of $1.9 billion in the second quarter, the same amount the agency lost over the same period in 2013, postal officials said. But the agency did report operating revenue of $16.7 billion, a $379 million increase over the same period last year….
