USPS Reports Net Loss Of $764 Million For the Month of July

The US Postal Service today filed its July 2010 (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net income/loss of $764 million. The total Fiscal Year to Date loss is $6.1 billion (June, $2.5 Billion; May $642;$382 lost for April; $381 lost for month of March; $611 Million 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)

Total Mail Services Volume was up 0.9%, revenue down 1.7%
Total Shipping Services volume was up slightly by .0.4%, revenue down 0.2%
Total Mail volume was down 0.8%, revenue up by 0.1%

First class volume down 3.6%, revenue down 3.7%
Stand Mail volume up by 6.6%, revenue up 4.8%

Total Workhours was down 5.0% (City Carriers 2.9%, Mail Processing, 8.3%, Customer Services 9.7%, Rural Delivery up by 0.6%, Other down 6.4%)

Total Career Employees 586,852, down 2049 employees since June 2010
Total Non-Career Employees 88,220, up 551 employees since June 2010

see full report via PRC

4 thoughts on “USPS Reports Net Loss Of $764 Million For the Month of July

  1. to all of you peons out there, I have some good news for you. I will be hiring over a thousand new managers to the payrolls in the next couple of months and laying off over 5,000 craft employees. have a nice day!!

  2. Total Career Employees 586,852, down 2049 employees since June 2010
    Total Non-Career Employees 88,220, up 551 employees since June 2010 !!!!!!
    Well that sure tells you something about how these guys think, less workers, less money, more managers! Is anybody in DC paying attention to how they are purposely running the PO onto the ground, or is that the plan all along?

Comments are closed.