USPS CFO reviews first-quarter financial results

Posted on February 20, 2020February 20, 2020 by 21cpw

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….

USPS OIG Shutdown Plan – FY 2020

Posted on November 20, 2019November 20, 2019 by 21cpw

Brief summary of significant agency activities that will continue during a lapse: The United States Postal Service does not cease operations during any Federal lapse in appropriations as it is funded through a permanent no-year appropriation. In contrast, the U.S. Postal Service Office of Inspector General (OIG) receives an annual appropriation which is derived from…