Postal Service releases financial report for May 2016: Shipping services continue to surge

SteveBlog, Story

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

SteveBlog

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.  But continued growth in shipping and package services has more than made up for the drop … Read More

Postal Service releases August 2015 financial statement

adminStory

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

adminStory

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

adminStory

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