USPS Reports $642 Million Loss for Month Of May

June 28, 2010 by
Filed under: postal, postal finances, PRC, usps 

The US Postal Service filed its May 2010 (unaudited) preliminary financial report on Friday, June 24, 2010 with the Postal Regulatory Commission. USPS reported a net income/ loss of $642 million. The total Fiscal Year to year loss is $2.9 billion ($382 lost for April; $381 lost for month of March; $611 lost in February;  $592 million lost for the month of January, $179 Million gain the month of December; $255 million lost for November; $221 Million lost the month of October) see full report at the Postal Regulatory Commission

Total Mail Services Volume was down 0.9%
Total Shipping was up 4.6%
Total Mail voume was down 0.8% but revenue up by 0.1%

First class volume down 6.3%
Stand Mail up by 5.6%

Total Workhours was down 3.8% (City Carriers 3.0%, Mail Processing, 9.0%, Cusotmer Services 8.5%, Rural Delivery up by 2.4%, Other 0.8%)
Total Career Employees 590,596
Total Non-Career Employees 89,135

Vehicle Maintenance Service was up 33.6% (see OIG report on Vehicle Maintenance)

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Comments

2 Comments on USPS Reports $642 Million Loss for Month Of May

  1. fat john potter on Mon, 28th Jun 2010 2:10 pm

    2. that’s odd. that’s exactly the same ammount that was paid out in bonuses last month to all of the fat cats like me.

  2. Don on Mon, 28th Jun 2010 2:16 pm

    3. I can’t understand. I bought two books of stamps in May.