USPS Reports $1.6 Billion Net Loss For August 2010 – YTD $7.7 Billion

The US Postal Service today filed its August 2010 (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net income/loss of $1.6 billion. The total Fiscal Year to Date loss is $7.7 billion (July, $764 Million; June, $2.5 Billion; May, $642;$382 lost for April; $381 lost for month of March; $611 Million […]

USPS Reports Loss Of $255 Million In November 2009

The US Postal Service filed its November 2009 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income/ loss of $255 million. The total Fiscal Year to year loss is $476 million ($221 million for the month of October) . Mail volume was down across all classes except shipping services […]