USPS Revenue Rises, Net Income and Expenses Fall
Revenue for the May 17-June 13 period was $4.9 billion, up 4.4 percent from the same period last year.
However, net income was $78 million, which is $364.5 million below the same period last year. Expenses were $4.8 billion, or 4.7 percent lower than last year's Accounting Period 10.
Overall mail volume fell 1.7 percent. Standard Mail declined 1.3 percent, First-Class dipped 1.2 percent, Priority Mail dropped 15 percent, Express Mail slid 10.8 percent and Periodicals declined 10.3 percent. But Package Services volume increased 1.8 percent, and International volume rose 4.3 percent.
In the year to date, revenue was $53.7 billion, 5.4 percent above the same period last year. Net income was $4.6 billion, $670 million less than last year, and expenses were $49.1 billion, down 4.9 percent from last year.
Year-to-date mail volume was up 0.3 percent, mainly from a 3.9 percent rise in Standard Mail. First-Class was down 2.3 percent, Priority Mail was down 14.2 percent, Express Mail declined 10.2 percent and Periodicals fell 4.3 percent. Package Services increased 6.9 percent, and International was up 0.4 percent.