USPS Reports $56M Loss for April-May Period

Share this content:
The U.S. Postal Service lost $56 million from April 25 to May 22, according to the organization's latest financial figures.

Richard Porras, vice president and controller at the USPS, presented the figures for Accounting Period 9 at this month's Mailer's Technical Advisory Committee meeting.

Porras said that because the USPS had expected to lose $162 million for the period, it still has a surplus of $1.45 billion in net income this year. He said the USPS had budgeted a surplus of $803 million for the year.

This is a 40 Under 40 Profile. Click here to see all profiles as well as previous year's winners.

Loading links....

Next Article in Direct Mail

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs: