USPS: Year-end finances reported – $9.2 billion net loss

The Postal Service has reported its financial results for fiscal year 2020 (Oct. 1, 2019-Sept. 30, 2020). Here are some highlights: • Revenue. Operating revenue was $73.1 billion, up 2.8 percent from the previous fiscal year, driven by a 25.3 percent increase in shipping and package revenue. First-Class Mail revenue fell 2.7 percent, while Marketing…

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USPS OIG: Management Alert – Manual Package Counting and Conversion Factors

Audit Report – NO-MA-14-008 – 09/30/2014 “We are alerting you to this condition because it may be systemic throughout the network and could result in overstated manual package processing volumes.” Introduction This management alert presents the results of our review of manual package counting and conversion factors at the Omaha, NE Processing and Distribution Center…

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