USPS Reports Financial Loss For April 2009

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 overall total decrease of 14.8%. The Postal Service continues to reduce its workhours with Mail Processing and Customer Services/Retail showing the highest reduction of 15.1% and 13.1% respectively. See charts below:


USPS Continues to Reduce Workhours

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