The Postal Service posted its May 2016 financial report with the Postal Regulatory Commission today. As usual, declines in First Class and Standard mail are more than offset by dramatic increases in the volume and revenue from package and shipping services. And as usual, were it not for the obligated prepayments to the Retiree Healthcare Benefit Fund (RHBF), the Postal … Read More
Postal Service releases financial report for April 2016
The Postal Service posted its April 2016 financial report with the Postal Regulatory Commission today. Seven months into the fiscal year, compared to the same period last year (SPLY), First Class and Standard mail volumes have declined slightly, 1.1 percent and 0.5 percent, respectively. Â But continued growth in shipping and package services has more than made up for the drop … Read More
The Internet taketh, and giveth, a lot: The Postal Service’s 2016 Q1 Financial Report
Yesterday the Postal Service posted its Form 10-QÂ financial report for the first quarter of Fiscal Year 2016 (Oct. 1, 2015 – Dec. 31, 2015). Â Thanks to a brisk package business during the holiday season, the Postal Service had plenty of good news to report. The financial report shows that the growth in e-commerce is more than making up for the … Read More
Postal Service releases August 2015 financial statement
The Postal Service has released its financial statement for August 2015. As usual, there’s some good news, and some not so good. Compared to August 2014, volumes and revenues for First Class, Standard, and Periodicals are all down a few percent, and total volume for market-dominant mail is down 4.3 percent; total market-dominant revenue is down 6.5 percent. On the other … Read More
USPS releases May 2015 financial statement
The Postal Service has released its financial statement for May 2015.  There’s some good news and some not so good. Compared to May 2014, volumes and revenues for First Class, Standard, and Periodicals are all down, generally about 5 percent.  For market-dominant mail overall, volumes and revenue are both down 5.2 percent. That represents a somewhat steeper decline than previous … Read More
Things are looking up: The Postal Service’s financial report for January 2015
The Postal Service released its financial statement for January 2015 yesterday. It shows that for the first four months of Fiscal Year 2015 (Oct. – Jan.), the Postal Service posted a $1.325 billion profit in Controllable Operating Income. That’s compared to a $912 million profit for the same period last year (SPYL). During this period, the Postal Service owed $1.9 … Read More
USPS releases November financial statement: Status quo
The Postal Service released its monthly financial report for November today. It shows a profit of $119 million in “controllable operating income,” and revenues are up 1.5 percent over last November. After deducting $475 million for the monthly prefunding payment to the Retiree Health Benefit Fund and adding in $210 million for an adjustment to the Workers Compensation fund (adjusted … Read More
USPS August financial statement: Without RHBF prefunding, YTD $182 million profit
The Postal Service’s August financial report came out yesterday. With just one month left in the fiscal year, it looks as though 2013 will mark a turnaround in the fiscal condition of the Postal Service. Revenues are up 1.4 percent over the same period last year (i.e., eleven months, October – August), and they are 2 percent better than expected … Read More
Postal Service’s July financial statement shows continued improvement
The Postal Service’s July financial report is something to write home about. It looks as though the improvements seen over the past several months continue to hold strong. (The July report is here. If you want to compare it to June, that’s here.) Revenues are up 1.6 percent over the same period last year (i.e., ten months, Oct. – July).  … Read More
When good news is bad news: The Postal Service spins its Q3 financial report
One might think that a good financial report would be welcome news to postal management, but good news isn’t good when you’re trying to justify downsizing, service cuts, and more dismantling. The third quarter financial report came out last week, and it looks like the Postal Service is having a decent year. Maybe the worst is over. Maybe the upturn … Read More
January USPS Financials: $437 Million Loss or $261 Million Profit? Take Your Pick
The Postal Service has released its financial statement for January 2013. Compared to January of last year, First Class revenues are down slightly less than 1%, while Standard Mail revenues are up 2.6%, Periodicals are up nearly 3%, and Packages are up over 4%. Total revenues are up 4.4% for the month and up almost one percent for the year … Read More
The Postal Service Q1 2013 financials — not bad, but Saturday delivery still must go
The Postal Service has just released its 10-Q financial statement on the first quarter of the 2013 Fiscal Year (i.e., the last three months of 2012). Â Despite all the doom-and-gloom talk about its humongous deficit, the Postal Service had a decent first quarter. Â While First-Class mail dropped off again (compared to last year’s first quarter), Standard Mail and parcels were … Read More
The Postal Service Q1 2013 financials — not bad, but Saturday delivery still must go
The Postal Service has just released its 10-Q financial statement on the first quarter of the 2013 Fiscal Year (i.e., the last three months of 2012). Despite all the doom-and-gloom talk about its humongous deficit, the Postal Service had a decent first quarter. While First-Class mail dropped off again (compared to last year's first quarter), Standard Mail and parcels were … Read More
