USPS: First-quarter financial results reported

Posted on February 10, 2021February 10, 2021 by 21cpw

The Postal Service has reported its financial results for fiscal year 2021’s first quarter (Oct. 1-Dec. 31, 2020). Here are some highlights: • Revenue. Total revenue was $21.5 billion, up 11.1 percent from the same period one year earlier. Despite record election-related mail during the quarter, revenue from mail services dropped, the result of the…

USPS posts net loss of approximately $200 million for FY 2017’s first quarter

Posted on February 9, 2017February 9, 2017 by 21cpw

Excluding the effects of a $1.7 billion change in its workers’ compensation liability due to fluctuations in interest rates, the Postal Service has posted a net loss of approximately $200 million for fiscal 2017’s first quarter (Oct. 1-Dec. 31, 2016). USPS also reported that net income for the quarter was approximately $1.4 billion. Controllable income…