USPS Net Income At $816 million

Share this content:
The U.S. Postal Service reported a net income of $816 million for the first quarter of fiscal year 2000 (Sept. 11 through Dec. 3) at the USPS' monthly Board of Governors meeting in Miami yesterday.

Actual expenses were more favorable than planned due to cost management, but revenues were $306 million below plan, indicating the current fiscal year presents a significant financial challenge, said M. Richard Porras, executive vice president and chief financial officer.

He said growth shows softness in nearly all categories except Priority Mail. Volumes and revenues of First Class and Standard-A mail are of particular concern, Porras said. Negative publicity on sweepstakes contests, growth in Internet Advertising, tighter advertising budgets and increased competition were cited by Porras as having an affect on revenues.

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above