PRC Financial Analysis for FY 2019: USPS Financial Losses are Largest in a Decade

Press Release – May 7, 2020 Washington, DC – The Postal Regulatory Commission today released its Financial Analysis report of the Postal Service’s 2019 financial results. The report was developed using information from the Postal Service’s Fiscal Year (FY) 2019 10-K Statement and measured against its FY 2018 and FY 2019 Integrated Financial Plan, Cost…

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Letter to Congressional Democrats by the 4 postal unions (4/7/20)

We write on behalf of more than 600,000 postal employees that directly support a $1.6 trillion mailing industry that employs nearly 7.0 million other workers. We are deeply concerned about the rapidly deteriorating financial situation of the United States Postal Service (USPS) as a result of the Covid-10 pandemic and the deep recession it is…

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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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USPS: PMG discusses forum, other topics in video

The National Postal Forum, USPS finances, public policy matters and other topics are addressed in Postmaster General Megan J. Brennan’s latest “Business Focus” video. In discussing the forum, Brennan says the annual industry conference helps the Postal Service generate sales and showcase emerging technologies. She also shows a brief, fast-paced video from the event that…

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NPMHU Meets with Presidential Task Force During 120 Day Study of USPS

The Trump Administration issued an Executive Order creating a task force charged with evaluating the operations and finances of the U.S. Postal Service, covering topics like pricing, USPS policies, and workforce costs. Specifically, the Task Force is being chaired by the Secretary of the Treasury or his designee, and other members include the Director of…

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USPS finances discussed in video

The Postal Service continues to face “strong headwinds,” Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. Corbett discusses the financial results from fiscal 2017’s third quarter (April 1-June 30, 2017), which showed year-to-year declines in First-Class Mail and Marketing Mail revenues. He also notes that while USPS is on track…

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The Postal Service is Strong and Improving with the Economy

The Postal Service released its second quarter results today. The results demonstrate that USPS finances are continuing to improve with the economy. Here’s what you need to know: Second quarter revenue rose by $379 million, representing a 2.3 percent increase year-over-year. Shipping and package revenue continues to see dramatic growth, with an 8 percent increase…

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