USPS CFO reviews quarterly financial results (video)

Posted on March 12, 2021March 12, 2021 by 21cpw

March 12, 2021 Chief Financial Officer Joe Corbett reviews the Postal Service’s latest quarterly financial results in a “Dollars and Change” video released this week. During fiscal year 2021’s first quarter (Oct. 1-Dec. 31, 2020), USPS recorded total revenue of $21.5 billion and total operating expenses of $21.1 billion, leaving the organization with net income…

New video explains USPS finances

Posted on May 31, 2019May 31, 2019 by 21cpw

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,…