USPS Net Income At $816 million

Share this article:
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.
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

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 ...

Delivered: Coupon Mailers

Delivered: Coupon Mailers

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