Joseph Corbett Archives

May 17, 2016U.S. Postal Service Reports $2 Billion Net Loss for Q2, Despite 4.7 Percent Revenue Gains

The U.S. Postal Service (USPS) reported operating revenue of $17.7 billion for the second quarter of fiscal year 2016 (Jan. 1, 2016 to March 31, 2016), an increase of $788 million or 4.7 percent over the same period last year. The increase was primarily due to...

May 13, 2014USPS Records Q2 Loss of $1.9B, Urges Congress to Pass Comprehensive Reform

The U.S. Postal Service ended the second quarter of its 2014 fiscal year (Jan. 1, 2014 – March 31, 2014) with a net loss of $1.9 billion. This marks the 20th of the last 22 quarters it has sustained a loss.

November 20, 2012USPS $15.9 Billion Loss Highlights Need for Reform

The U.S. Postal Service ended the 2012 fiscal year (Oct. 1, 2011 – Sept. 30, 2012) with a record net loss of $15.9 billion, compared to a net loss of $5.1 billion for the same period last year.

August 9, 2011U.S. Postal Service Loss Continues in Third Quarter

The U.S. Postal Service ended its third quarter of fiscal year (FY) 2011 (April 1 through June 30) with a net loss of $3.1 billion, compared to a net loss of $3.5 billion for the same period in FY 2010. Total mail volume declined to 39.8 billion pieces for the quarter, compared to 40.9 billion pieces in the third quarter of FY 2010.