USPS Income Over Budget; Standard Volume Up

Share this article:
The U.S. Postal Service had net income of $2.79 billion, or $703.3 million over budget, from Oct. 1, 2003, to July 31, 2004, the agency said last week. Also, mail volume was up, and expenses are under plan.


USPS fiscal and operating statements showed that revenue totaled $57.6 billion, 0.1 percent better than planned, but down 0.3 percent from the year-ago period. Expenses of $54.8 billion were 1.2 percent under the planned budget, but up 2.6 percent versus the year-ago period.


Total year-to-date mail volume of 171.5 billion pieces increased 1.3 percent from a year ago. Standard and International mail grew 5.1 percent and 4.6 percent, respectively. But several classes saw declines. Periodicals and Express Mail both fell 3.3 percent; Priority Mail, 2.4 percent; First-Class, 1.7 percent; and Package Services, 0.1 percent.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Direct Mail

Delivered: Birthday Deals Mailers

Delivered: Birthday Deals Mailers

What's in our mailbox this month: Birthday Deals. See which ones are good deals—and which ones you shouldn't deal with.

USPS Commissions Brain Research on Direct Mail

USPS Commissions Brain Research on Direct Mail

The Office of the Inspector General seeks neuroscientists to investigate human responses to digital and physical media.

Direct Mail Remains Impactful

Direct Mail Remains Impactful

Even in this prolific digital age, direct mail proves to be a strong tool for marketers. Standard mail volume is growing at 3% and marketers will spend $45 billion on ...