USPS: First-quarter financial results reported

The Postal Service has reported its financial results for fiscal 2019’s first quarter (Oct. 1-Dec. 31, 2018). Here are some highlights: • Revenue. Total revenue was $19.7 billion, up 2.9 percent compared to the same period one year earlier. First-Class Mail revenue declined 1.2 percent, while Marketing Mail revenue increased 4.9 percent. Shipping and packages…

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USPS: Year-end results reported

The Postal Service has reported its financial results for fiscal 2018 (Oct. 1, 2017-Sept. 30, 2018). Here are some highlights: • Revenue. Total revenue was $70.6 billion, up 1.5 percent compared to the previous fiscal year. The higher revenues were driven largely by continued growth in shipping and packages, where revenue reached $21.5 billion, a…

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Will the U.S. Postal Service Be Broke Again in 4 Years?

The Post Office grew revenues 2 percent in the third fiscal quarter of 2014, raking in $16.5 billion in operating revenue. (Hurray!) But it still managed to lose $2 billion on its business. (Boo!) So what’s the real story with the United States Postal Service? Is business booming, or is the Post Office going bust?…

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USPS OIG: Making Every Mile Count . . . More

Earn more or spend less. Those are the two basic ways to achieve financial fitness, whether you’re talking about the household budget or a multi-billion-dollar corporate balance sheet. And that’s what it comes down to for the U.S. Postal Service as it seeks to bring revenue in line with expenses (it lost $5 billion in…

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Postmaster General Hides Winning Streak

Postmaster General Patrick Donahoe claimed in a May 9 press release that the Postal Service had its “third straight quarter of revenue increase.” Actually, the Postal Service has been reporting revenue increases for five straight quarters. Why is Donahoe minimizing the winning streak? Perhaps someone in Postal HQ’s statistics department was snoozing that day. But…

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USPS: Second quarter $1.9 billion loss highlights urgent need for comprehensive legislation

May 10, 2013 Release No. 13-051 New Services & Successful Marketing Continue to Fuel Package Growth Career Workforce Reduced by 25,000 in Second Quarter Updated Five-Year Plan Returns USPS to Solvency Only if Congress Acts WASHINGTON — The U.S. Postal Service ended the second quarter of its 2013 fiscal year (Jan. 1 – March 31)…

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