USPS CFO Joe Corbett discusses first-quarter numbers

Posted on February 20, 2018February 20, 2018 by 21cpw

Chief Financial Officer Joe Corbett discusses the Postal Service’s latest financial numbers in a new “Dollars and Change” video. During fiscal 2018’s first quarter (Oct. 1-Dec. 31, 2017), USPS posted total revenue of $19.2 billion and controllable income of $353 million. Controllable income describes net income or net loss that is adjusted for items outside…

USPS: First-quarter financial results reported

Posted on February 9, 2018February 9, 2018 by 21cpw

The Postal Service has reported its financial results for fiscal 2018’s first quarter (Oct. 1-Dec. 31, 2017). Here are some highlights: Revenues. Total revenue was $19.2 billion, essentially unchanged from the same quarter a year earlier. First-Class Mail and Marketing Mail revenues decreased, due mostly to lower volumes. Revenue from the organization’s shipping and packages…