The U.S. Postal Service filed its July 2009 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income loss of $721 million (July 2009 was $865 million). The year-to-date deficit currently stands at approximately $6.3 billion. Mail volume was down across all classes with an overall total decrease of 13.2%. […]
The U.S. Postal Service filed its July 2009 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income loss of $865 million (Junel 2009 was $1.3 billion). The year-to-date deficit currently stands at approximately $5.6 billion. Mail volume was down across all classes with an overall total decrease of 13.7%. […]
The US Postal Service filed its April 2009 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income/ loss of $385 million. The total year-to-date loss is approximately $2.3 billion. unaudited (Jan, 658m) (Feb, 751m) (Mar, 491) (all unaudited totals) . Mail volume was down across all classes with an […]
Year-End Cash Shortfall Possible Despite Aggressive Cost Reductions; Mail Incentive Programs Introduced to Offset Unprecedented Volume Declines The U.S. Postal Service ended its second quarter (Jan 1 – March 31) with a net loss of $1.9 billion, as the economic recession and longer-term financial pressures, such as the diversion of letter mail to electronic alternatives, […]
USPS reported earlier this month that Postal Service Ends First Quarter With Loss Of $384 Million. The text of the 8-K report filed with the Postal Regulatory Commission (PRC) on February 19, 2009 shows USPS has lost over $1.1 billion thus far in Fiscal Year 2009. The U.S. Postal’ Service (USPS) previously announced a loss for the […]
DECLINING MAIL VOLUME CITED The Postal Service concluded fiscal year 2008 with a net loss of $2.8 billion as the national economic slowdown lowered mail volume and as the Postal Service bore additional costs mandated by the Postal Act of 2006. The loss occurred despite more than $2 billion in cost-cutting measures that included the […]
Projects net loss of $600 million in 2008 The Postal Service Board of Governors today approved an aggressive 2008 financial plan for the U.S. Postal Service that includes $1 billion in cost savings and puts its expense growth lower than inflation. The Postal Service’s operating, capital and financing plans for the new fiscal year, known […]
USPS Press Release Board of Governors Briefed on Third Quarter Performance & Financial Results National on-time performance scores for the delivery of First-Class Mail were at all-time highs in the third quarter of fiscal year 2007 for all three of the categories the Postal Service tracks. Overnight service was 96 percent on-time, up from […]