It’s hard to know whether the U.S. Postal Service should have as its theme song “We’re in the Money” or “Brother, Can You Spare a Dime?” Its just-released financial results for the first quarter of fiscal 2016 suggest both are accurate – depending on how you read the statements. Spurred by record volume of holiday…
The Postal Service has reported a net loss of $586 million during fiscal 2015’s third quarter (April 1-June 30) compared to a $2 billion loss during the same period one year earlier. Operating revenue for the quarter was $16.5 billion, essentially unchanged from a year ago. Meanwhile, although First-Class Mail volumes fell 2.6 percent and…
Press Release – August 10, 2015 • Operating revenue of $16.5 billion is level with the same quarter last year • Shipping and package revenue increase of 10.6 percent • Productivity improvements continue, somewhat offsetting inflationary cost pressures WASHINGTON — The U.S. Postal Service reported a net loss of $586 million for the third quarter…
