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

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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

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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

adminStory

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

adminStory

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

adminStory

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

The Postal Service Q1 2013 financials — not bad, but Saturday delivery still must go

adminStory

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