Postal Service loses $451 million in January

Share this article:

The US Postal Service reported a net loss of $451 million in January when mail volume at the organization decreased 1.3% year-over-year to 13.7 billion pieces. The organization, which has said it could run out of money this fiscal year, decreased work hours by 3.3% in January, compared with the prior year.

January operating revenue at the USPS decreased 2% year-over-year to $5.5 billion.

In the first four months of its 2011 fiscal year, the USPS has reported a total net loss of $781 million. The Postal Service's total mail volume has been flat so far this fiscal year, increasing 0.9%, according to data provided by the Postal Regulatory Commission.

Revenue from mailing services, the vast majority of the organization's business, dropped 2.5% in January to $4.8 billion. The Postal Service saw revenue from shipping services increase 1.7% year-over-year to $701 million during the month. Total postal service revenue was down 2% year-over-year to $5.5 billion in January.

For the first four months of fiscal year 2011, revenue from mailing services decreased 3.1% to $20.1 billion, while revenue from shipping grew 1.7% year-over-year to $3.3 billion. Total revenue for the fiscal year to date dropped 2.5% year-over-year to $23.4 billion.

The US Postal Service does not comment on monthly numbers, said Greg Frey, PR representative for delivery, online services, post offices and retail.

Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Direct Mail

Delivered: Food Delivery Mailers

Delivered: Food Delivery Mailers

What's in our mailbox this month: Food delivery mailers. Which one's the tastiest?

Tracking Direct Mail Response in a Digital World

Tracking Direct Mail Response in a Digital World

It's essential to understand how direct mail delivers website traffic and impact conversions.

Help Out the USPS—and Yourself—by Amping Up Your Direct Mail

Help Out the USPS—and Yourself—by Amping Up Your ...

Direct mail is far from obsolete, and investing in it could save the USPS.