Washington – Postal Service Shows Profit During Year-end Holiday Season

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    FILE - U.S. postal workers load their trucks with mail for delivery from their postal station in Carlsbad, California February 6, 2013.  APWashington – A strong holiday shipping season and a couple of favorable economic situations have temporarily turned around the financial fortunes of the Postal Service.

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    The post office reported a $307 million profit between October and December of 2015, as compared to a $754 million loss the previous year. That was in part because a 16 percent increase in package volume during the first quarter of the fiscal year.

    But postal officials are warning that without favorable interest rate changes and a postal surcharge that will expire in April, they would have had a net loss of approximately $700 million in the first quarter.

    The first quarter operating revenue was $19.3 billion, an increase of $613 million or 3.3 percent over the same period in the previous year.


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    blubluh
    blubluh
    8 years ago

    Wow, that’s the first positive financial report I’ve read about the US Postal Service in about 20 years! Wouldn’t it be nice if they could actually turn a corner on their history and become a long-term stable, sustainable service that effectively competes with the other industry leaders.