Independent Auditor’s Report on the USPS Fiscal Year 2023 Reclassified Financial Statements

Posted on November 17, 2023November 17, 2023 by 21cpw

Opinion on the Reclassified Financial Statements We have audited the accompanying Reclassified Financial Statements of the U.S. Postal Service, which comprises the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Reconciliation Report – Reclassified Balance Sheet as of September 30, 2023, and the related GTAS Reconciliation Reports – Reclassified Statement of Net Cost and…

Time for Postmaster General Louis DeJoy to Resign

Posted on November 15, 2023November 16, 2023 by 21cpw User Post

The just released USPS Financial Results for Fiscal year 2023 shows an organization in trouble. The US Postal Service will never make it to the tenth year of their so-called Ten Year Plan. Ten years like the one just completed gets a loss of $60 Billion Dollars. The morale among Craft Employees and Management personnel…

USPS Reports Fiscal Year 2023 Results – Net loss totaled $6.5 billion

Posted on November 14, 2023November 17, 2023 by 21cpw

November 14, 2023 The Postal Service has reported its financial results for fiscal year 2023 (Oct. 1, 2022-Sept. 30, 2023). Here are the highlights: • Revenue. Total operating revenue was $78.2 billion, a decrease of 0.4 percent from the previous fiscal year. First-Class Mail revenue increased 2.1 percent, while Marketing Mail revenue decreased 5.8 percent. Shipping and…

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…