USPS reports net loss of $747 million for APR – YTD $3.3 billion

Posted on by postal

The US Postal Service filed its seventh month preliminary financial report of the 2011 fiscal year (unaudited) with the Postal Regulatory Commission (PRC) . USPS reported a net operating loss of $747 million for the month of April 2011. This same period last year saw a $382 million net loss. In October 2010 USPS saw a net profit of $283 Million, November 2010 net loss $456 million, December 2010 net loss $156 million, January 2011, net loss $451 million, February 2011, net loss $1.1 billion, March 2011, $657 million. After seven months into FY 2011 USPS reports a net loss of $3.3 billion (same time last year it was $2.3 billion).USPS April 2011 Financial Results

USPS April 2011 Financial Results

7 thoughts on “USPS reports net loss of $747 million for APR – YTD $3.3 billion”

  2. Osama is already campaigning for a new job. He stated early on his goal was to be the UN president. That’s what he’s doing now. Playing ping-pong, drinking beer while citizens are dying by the worst tornado out break in 50 years. Oh yea, toasting the Queen. What a misceganated total flunkie.

  3. All the cost cutting doesn’t seem to be working. Instead of the deficits going down, they are just going up more. And now Obama wants all new vehicles purchased by the govt to be alternative fuel. Those vehicles cost twice as much as a regular vehicle, so that should help push the deficits even higher. How much longer can they keep piling up the debt? Pretty soon the FED will take over the USPS and just print the money. How is that Hope and Change working out? NObama 2012

  4. APWU members will now help pay for a good chunk of it, or it will help other Government agency officials keep their bonuses, salary increases, and so on, but it “is not enough, APWU members should pay more” says Issa and other Government USPS officials. Good thing the President of APWU and collegues work on same side as them, so they are getting more and more what they want.

  5. Cutting the layers and layers and layers of management would be a step in the right direction.

  6. PROGRESS PREVAILS,
    GET WITH THE TIMES
    THE OLD DINOSAUR DID A GREAT JOB
    MOVE ON AND QUIT WHINNING ABOUT MONEY
    GET ONE OF THOSE BUY OUTS IN MOTION.

  7. And again, most of the loss can be attributed to the 5.4 billion dollar pre-payment. Go back to being break even as was the case before 2006.

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