USPS Reports Second Quarter Fiscal 2020 Results

Revenue of $17.8 billion, an increase of $348 million compared to same quarter last year COVID-19 volume and revenue impacts arose late in the quarter; significant financial impacts in the third quarter and beyond are anticipated We thank our employees and continue to prioritize their health and safety as they serve the nation The U.S….

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USPS FY 2018 second quarter results

Postmaster General and CEO Megan J. Brennan and Finance and Planning Vice President Luke Grossmann hosted a telephone/Web conference call to discuss the financial results in more detail. The call at 9:00 am ET on May 11, 2018, was open to news media and all other interested parties. Click Here for PDF Press Release –…

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NALC President Rolando on USPS latest financial results (audio)

The Postal Service’s latest financial results are no better than any of their recent numbers. But they might not be as bad as they look. Different interpretations of those numbers cause some leaders to think the Postal Service has a faster route back to profitability than Congress does. Frederic Rolando, president of the National Association…

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Why is the Postmaster General Understating Postal Revenue Gains?

By David Yao In a May 9, 2014 press release, the Postal Service issued another quarterly press release turning an operating profit (of $261 million) into a loss. The supposed loss, an accounting fiction, was caused entirely by the 2006 law which generates a long-term loan to the Federal treasury, under the guise of “pre-funding”…

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