USPS revenues up in 2013, first time since 2008; non-career workers now 20 percent of workforce

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The Postal Service released its annual financial report today.  For the first time since the recession hit, operating revenues are up — $66 billion, compared to $65.2 billion in 2012.  The Postal Service has posted a net loss of $5 billion, but that includes a $5.5 billion payment to the retiree health benefit fund.  First Class mail volumes continue to decline, but Package and Standard Mail volumes grew by 210 million pieces and 1.4 billion pieces, respectively.

The number of non-career workers continues to increase.  As of September 30, 2010, there were 583,908 career employees and 87,779 non-career employees.  As of September 30, 2013, there were  491,000 career employees and 127,000 non-career employees.  The percentage of non-career employees has risen from 13 percent to over 20 percent.

The press release is here and the 10-K report is here.

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