USPS CFO Corbett discusses USPS finances, 10-year plan

May 26, 2021 A coronavirus pandemic-fueled surge in package deliveries has not been enough to offset the Postal Service’s increased operating costs and declining revenue from mail services, Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. During fiscal year 2021’s second quarter (Jan. 1-March 31), the organization’s total revenue was…

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USPS: First-quarter financial results reported

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…

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At USPS, Making Every Mile Count . . . More

(July 9, 2014) Earn more or spend less. Those are the two basic ways to achieve financial fitness, whether you’re talking about the household budget or a multibillion-dollar corporate balance sheet. And that’s what it comes down to for the U.S. Postal Service as it seeks to bring revenue in line with expenses (it lost…

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