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….

 Continue reading

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,…

 Continue reading

USPS Reports Second Quarter Fiscal 2019 Results

The Postal Service has reported its financial results for fiscal 2019’s second quarter (Jan. 1- March 31). Here are some highlights: • Revenue. Total revenue was $17.5 billion, essentially flat from the same period one year earlier. First-Class Mail revenue declined 3.3 percent, while Marketing Mail revenue declined 3.9 percent. Shipping and packages revenue increased…

 Continue reading

USPS: Financial results for fiscal 2017’s third quarter announced

The Postal Service has reported its financial results for fiscal 2017’s third quarter (April 1-June 30, 2017). Here are some highlights: • Total revenue. The organization’s total third-quarter revenue was $16.7 billion. This is essentially unchanged from the same period last year, excluding the effect of a $1.1 billion non-cash change in accounting estimate recognized…

 Continue reading