USPS Reports Improved January Numbers
The preliminary report, released this week, found that from Dec. 30 to Jan. 26, net income totaled $26.2 million, or $67.9 million better than plan.
The agency's total revenues for the period were $5.229 billion, slightly better than the planned $5.195 billion. Expenses, which were $5.202 billion, were slightly lower than the planned $5.237 billion.
Mail volumes increased last month over January 2000 as well. First-Class mail increased 5.8 percent over the same period last year, and Standard Mail increased 0.6 percent. Total mail volume increased 3.2 percent.
Experts say the reason for the better-than-expected numbers is that "people may have done more mailing before the rate increase went up," said Alan Robinson, president of Direct Communications Group, Silver Spring, MD, a consulting firm that focuses on the postal and parcel market. "It also may have something to do with the fact that people are sending out their end-of-the-year statements during this period."