The US Postal Service yesterday filed its first month of the 2011 fiscal year (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net profit of $283 million. This same period last year saw a $221 million net loss.
Total Mail Services Volume was up 5.0%, revenue down 1.7%
Total Shipping Services volume was down by 2.4%, revenue down 0.2%
Total Mail volume was up by 5.0%
First class volume down 6.2%, revenue down 5.4%
Stand Mail volume up by 15.6%, revenue up 11.4%
Total Workhours was down 6.0% (City Carriers 4.8%, Mail Processing, 7.0%, Customer Services 11.0%, Rural Delivery down by 3.0%, Other down 5.7%)