U.S. Postal Service Reports Fiscal Year 2019 Results

The Postal Service has reported its financial results for fiscal 2019 (Oct. 1, 2018-Sept. 30, 2019). Here are some highlights:

• Revenue. Operating revenue was $71.1 billion, up 0.7 percent from the previous fiscal year. The increase was driven largely by price changes and continued growth in shipping and packages, where revenue increased 6.1 percent. This more than offset revenue declines in First-Class Mail and Marketing Mail stemming from declining volumes.

• Volume. Total mail and package volume was 142.6 billion pieces, down 2.6 percent. First-Class Mail volume declined 3.1 percent and Marketing Mail volume declined 2.1 percent, while package volume grew slightly at 0.3 percent. This continued a multi-year trend of declining mail volumes and increasing package volumes, although package volume growth slowed considerably during the year.

• Expenses. Operating expenses for the year were $79.9 billion, an increase of 7.3 percent compared with the prior year. This was driven by an increase in workers’ compensation expense of $3.5 billion, of which $3.4 billion was the result of changes in discount rates outside of management’s control.

• Net loss. The net loss for the year was $8.8 billion, an increase in net loss of $4.9 billion compared with 2018.

“We continue to adjust to declining mail volume and remain focused on leveraging our unique and unrivaled network to gain new customers and grow profitable revenue in the increasingly competitive package business,” said Postmaster General Megan J. Brennan.

“However, revenue growth in our package business will never be enough to offset imbalances in the Postal Service’s business model, which must be addressed through legislative and regulatory reforms in order to secure a sustainable future.”

The Postal Service’s Nov. 14 news release has more information.

CONTINUE READING AT » USPS News Link
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to many over paid chiefs need more workers sorting and delivering and maybe one to answer phone calls..if you don’t touch the mail we don’t need you !

Yet another of PMG Brennan’s many ‘successes’

It’s a Christmas miracle!

Mail volume is down only because it is never measured correctly.Mail is short measured to cut clerk hours.Numbers are falsified every dam day.Idiot managers and supervisors constantly fix numbers to reach their bonus goals.

So true. And don’t sign the no lunch list because they will steal that 30 minutes away from you.

We are forced to receive junk mail.I have been told USPS must deliver junk mail or they would go out of business. The carbon saving from all the saved trees if we have no junk mail should finance the deficit….and if not…close USPS and move on.

The USPS does NOT generate the mail to which you are referring. It is created by businesses who PAY the USPS to deliver it. just as you pay to have your letters, cards, and packages delivered.

usps doesn’t cut down trees and turn it into junk mail ! don’t know how much of it is recycle paper but a lot of it is

Trees are farmed for paper just like vegetables. No one goes out to a forest and cuts down trees for paper. Homes yes, paper no. This is a misimpression many people have.

I’m bothered by the excessive amount of junk mail as well, who is paying to have this stuff delivered? I grew tired of it growing in my home office and got an opt-out service to slow it down – https://admail.app/