USPS Retiree E-Newsletter – September 2019

10 Things about Social Security September is World Alzheimer’s Month USPS financial results for FY 2019’s third quarter Source: KeepingPosted – Information for USPS Retirees

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Postal Service Sees Dip in Packages for First Time in Nearly a Decade

By Claire Hansen – Aug. 9, 2019 THE NUMBER OF PACKAGES delivered by the U.S. Postal Service dipped in the last three months, the first such decline in nearly a decade. The Postal Service said it delivered 3.2% fewer packages during the third quarter of the fiscal year than it did during the same time…

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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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New video explains USPS finances

Chief Financial Officer Joe Corbett reviews the Postal Service’s latest in a “Dollars and Change” video released this week. During fiscal 2019’s second quarter (Jan. 1-March 31), USPS recorded revenue of $17.5 billion. Operating expenses were $19.6 billion, leaving the organization with a net loss of $2.1 billion. Several factors contributed to the net loss,…

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USPS: First-quarter financial results reported

The Postal Service has reported its financial results for fiscal 2019’s first quarter (Oct. 1-Dec. 31, 2018). Here are some highlights: • Revenue. Total revenue was $19.7 billion, up 2.9 percent compared to the same period one year earlier. First-Class Mail revenue declined 1.2 percent, while Marketing Mail revenue increased 4.9 percent. Shipping and packages…

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