USPS finances: Second-quarter results reported

Posted on May 9, 2023May 9, 2023 by 21cpw

May 9, 2023 The Postal Service has reported its financial results for fiscal year 2023’s second quarter (Jan. 1-March 31, 2023). Here are some highlights: • Revenue. Total operating revenue was $19.3 billion, a decrease of 2.4 percent compared with the same quarter last fiscal year. First-Class Mail revenue increased 0.5 percent, and Marketing Mail…

USPS: Financial results for the first quarter of fiscal year 2023

Posted on February 10, 2023February 10, 2023 by 21cpw

February 9, 2023 The Postal Service has reported its financial results for the first quarter of fiscal year 2023 (Oct. 1-Dec. 31, 2022). Here are some highlights: • Revenue. Operating revenue was $21.5 billion, an increase of 1 percent compared with the same quarter last fiscal year. Shipping and packages revenue increased 2.4 percent, and…