U.S. Postal Service Records Loss of $354 Million in First Quarter, Underscoring Need for Comprehensive Legislation
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First Quarter Results of Operations Compared to Same Period Last Year
- Total mail volume of 42.0 billion pieces compared to 43.5 billion pieces
- First-Class Mail volume declined 4.6 percent.
- Standard Mail volume declined by 2.8 percent.
- Shipping and Package volume increased 10.3 percent.
- Operating revenue of $18.0 billion, an increase of $334 million or 1.9 percent
- Operating expenses of $18.3 billion compared to $18.9 billion, a decrease of 3.0 percent
Revenue from First-Class Mail, the Postal Service's most profitable service category, decreased $209 million, or 2.8 percent from the same period last year, with a volume decrease of 817 million pieces, or 4.6 percent. The most significant factors contributing to this decline were the ongoing trends in the mailing behavior of consumers and businesses emanating from the recent recession, and the continuing migration toward electronic communication and transactional alternatives.
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- Patrick Donahoe
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