USPS Net Income $1.4 BillionThe U.S. Postal Service generated net income of $1.467 billion from Oct. 1 to Aug. 31, according to financial and operating statements the agency released yesterday.
This fiscal year-to-date USPS net income was $1.438 billion over budget. Revenue totaled $64.145 billion, which was $1.397 billion better than planned and up 2.2 percent from the year-ago period. Expenses of $62.678 billion were $41.2 million under plan but up 4 percent from the year-ago period.
Year-to-date mail volume of 193.866 billion pieces was a 2.9 percent rise (5.5 billion pieces) from the year-ago period. More than 2.4 billion of the 5.5 billion-piece increase occurred in November 2004.
The most significant volume increase was in Standard, which jumped 5.9 percent. The next-largest rise was in Priority Mail, up 4.3 percent. Other category increases in the period included Package Services (3.9 percent), Express Mail (2.3 percent), Periodicals (1.3 percent), International (0.5 percent) and First Class (0.2 percent).
Melissa Campanelli covers postal news, CRM and database marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters