USPS CFO reviews first-quarter financial results

Chief Financial Officer Joe Corbett reviews the Postal Service’s latest financial results in a “Dollars and Change” video released this week. During fiscal year 2020’s first quarter (Oct. 1-Dec. 31, 2019), USPS recorded total revenue of $19.4 billion and total operating expenses of $20.1 billion, leaving the organization with a net loss of $748 million….

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USPS: First-quarter financial results reported for FY 2020

The Postal Service has reported its financial results for fiscal year 2020’s first quarter (Oct. 1-Dec. 31, 2019). Here are some highlights: • Revenue. Total revenue was $19.4 billion, down 1.8 percent from the same period one year earlier. First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. Shipping and packages…

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USPS: CFO Corbett reviews latest financial results (video)

In his latest “Dollars and Change” video, Chief Financial Officer Joe Corbett reviews the Postal Service’s financial results from fiscal 2019’s third quarter (April 1-June 30). USPS recorded total revenue of $17.1 billion and operating expenses of $19.3 billion, leaving the organization with a net loss of $2.3 billion. The net loss was driven by…

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USPS: Third-quarter financial results reported

The Postal Service has reported its financial results for fiscal 2019’s third quarter (April 1-June 30). Here are some highlights: • Revenue. Total revenue was $17.1 billion, essentially flat from the same period one year earlier. First-Class Mail revenue declined 1.6 percent, while Marketing Mail revenue declined 3 percent and Periodicals revenue declined 11.2 percent….

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USPS Reports Second Quarter Fiscal 2019 Results

The Postal Service has reported its financial results for fiscal 2019’s second quarter (Jan. 1- March 31). Here are some highlights: • Revenue. Total revenue was $17.5 billion, essentially flat from the same period one year earlier. First-Class Mail revenue declined 3.3 percent, while Marketing Mail revenue declined 3.9 percent. Shipping and packages revenue increased…

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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: Year-end results reported

The Postal Service has reported its financial results for fiscal 2018 (Oct. 1, 2017-Sept. 30, 2018). Here are some highlights: • Revenue. Total revenue was $70.6 billion, up 1.5 percent compared to the previous fiscal year. The higher revenues were driven largely by continued growth in shipping and packages, where revenue reached $21.5 billion, a…

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USPS records third-quarter net loss of $1.5 billion

The Postal Service has reported its financial results for fiscal 2018’s third quarter (April 1-June 30). Here are some highlights: Revenue. Total revenue was $17.1 billion, up 2.4 percent compared to the same period one year earlier. First-Class Mail revenue declined 2.2 percent compared to a year ago, while Marketing Mail revenue increased 1.6 percent….

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