USPS preliminary net loss for July 2011 –$1.327 Billion, year to date nearly $2 Billion more than planned.
The US Postal Service filed its preliminary financial results for ten months of Fiscal Year 2011 with the Postal Regulatory Commission (PRC). USPS reported a net operating loss of $1.327 billion ending on July 31, 2011. After ten months into FY 2011 USPS reported a net loss of $7 Billion ($6.985) ending in July 2011 (same time last year USPS had a net loss of $6.143, the plan was $5.004 Billion .In October 2010 USPS saw a net profit of $283 Million, November 2010 net loss $456 million, December 2010 net loss $156 million, January 2011, net loss $451 million, February 2011, net loss $1.1 billion, March 2011, $657 million, April 2011 net loss of $747 million, May 2011 net loss $1.3 Billion, June 2011 net loss $900 million.
USPS saw a jump in year to date Vehicle Maintenance Service expenses of $112 million, Transportation YTD expenses rose to $426 million in FY 2011.
Preliminary financial results for the ten months ending on July 31,2011 via PRC.
Mail Volume and Mail Revenue