Chief Financial Officer Joe Corbett discusses the Postal Serviceās year-end financial report in his latest āDollars and Changeā video. USPS recently reported $73.1 billion in operating revenue for fiscal year 2020 (Oct. 1, 2019-Sept. 30, 2020) and $82.2 billion in operating expenses, leaving the organization with a net loss of $9.2 billion. First-Class Mail and…
Press Release – May 7, 2020 Washington, DC ā The Postal Regulatory Commission today released its Financial Analysis report of the Postal Serviceās 2019 financial results. The report was developed using information from the Postal Serviceās Fiscal Year (FY) 2019 10-K Statement and measured against its FY 2018 and FY 2019 Integrated Financial Plan, Cost…
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…
The Postal Service has reported its financial results for fiscal 2018 (Oct. 1, 2017-Sept. 30, 2018). Here are some highlights: ā¢ 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…
The National Postal Forum, USPS finances, public policy matters and other topics are addressed in Postmaster General Megan J. Brennanās latest āBusiness Focusā 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…
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…
The Postal Service continues to face āstrong headwinds,ā Chief Financial Officer Joe Corbett reports in his latest āDollars and Changeā video. Corbett discusses the financial results from fiscal 2017ās 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…
The Postal Service released its second quarter results today. The results demonstrate that USPS finances are continuing to improve with the economy. Hereās 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…
