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Tag: USPS financials

Same Old Pattern as USPS Reports Quarterly Results

August 9, 2018August 9, 2018 Ina Steiner
USPS

The USPS reported the results of its most recent quarter, where it saw more of the same: a decline in letter mail alongside growth in package volume. The Postal Service said there was an urgent […]

3 CommentsNews, ShippingPrivatizing the Post Office, USPS, USPS financials

USPS Revenue Down by $1.8 Billion for the Year

November 14, 2017November 14, 2017 Ina Steiner
USPS

USPS revenue declined by $1.8 billion to $69.6 billion for the fiscal year 2017, which runs from October 1, 2016 through September 30, 2017. The pattern of declining mail and increasing packages continued. Volume for […]

News, ShippingUSPS, USPS financials, USPS reform

USPS Calls for Postal Reform as It Reports Flat Revenue in Q3

August 10, 2017 Ina Steiner
USPS

The USPS saw flat revenue growth in its third fiscal quarter compared to the same quarter last year. The agency noted it saw lower volumes of First-Class Mail and Marketing Mail and continued growth in […]

4 CommentsNews, ShippingUSPS financials

USPS Posts Q3 Loss Despite Rise in Package Revenue

August 10, 2016July 29, 2017 Kenneth Corbin

The US Postal Service has weathered another rough quarter, reporting a net loss of $1.6 billion in the three-month period ending June 30 as it renews its appeal to Congress for legislation to help the […]

News, ShippingUSPS, USPS financials

Ecommerce Helps USPS Grow Revenue in Recent Quarter

February 10, 2016July 26, 2017 Ina Steiner

The US Postal Service reported first quarter results for fiscal year 2016 on Tuesday (October through December 2015). Operating revenue grew 3 percent year over year to $19.3 billion, driven by the record volume of […]

News, ShippingUSPS financials

USPS Looks to New Shipping Services Amid Q1 Losses

February 9, 2015August 23, 2017 Kenneth Corbin

Top officials at the U.S. Postal Service are looking to the shipping and Standard Mail lines of business to help the cash-strapped agency offset sustained declines in First Class Mail. Buoyed by double-digit growth in […]

News, ShippingUSPS financials

USPS Sees 18 Percent Growth in Holiday Deliveries

January 7, 2015August 25, 2017 Ina Steiner

The U.S. Postal Service delivered 524 million packages in December, 18% higher than last year and exceeding its holiday delivery projections. It also broke a record for the most packages delivered in a single day […]

News, ShippingUSPS financials

Postmaster General on Losses, Retirement, Amazon, and Alcohol

November 17, 2014August 26, 2017 Kenneth Corbin

The U.S. Postal Service on Friday reported its eighth consecutive annual loss, appealing to Congress for comprehensive reform legislation ahead of a shakeup in the agency’s leadership. Postmaster General Patrick Donahoe announced his intention to […]

News, ShippingMegan Brennan, Patrick Donahoe, USPS financials

USPS Revenue Up in Third Quarter, Reports $2 Billion Loss

August 12, 2014September 2, 2017 Ina Steiner

The U.S. Postal Service ended the June 30, 2014, quarter with a net loss of $2.0 billion, compared to a net loss of $740 million for the same period last year. The agency said revenue […]

News, ShippingUSPS financials

Postal Service Pleads for Help from Congress Amid $1.9B Loss

May 12, 2014September 6, 2017 Kenneth Corbin

After another quarter with losses in the billions, the U.S. Postal Service is once again urging Congress to enact legislation that would free the agency to adjust its operating schedule and move to five-day weekly […]

News, ShippingPostal reform, USPS, USPS financials

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