USPS Year-to-Date Net Income Over Budget, Mail Volume Up
USPS fiscal and operating statements showed that revenue totaled $63.1 billion, 0.2 percent less than planned. Expenses of $60.3 billion were 1.3 percent under the planned budget, but up 2.1 percent versus the year-ago period.
Total year-to-date mail volume of 188.3 billion pieces increased 1.7 percent from a year ago. Standard and International mail grew 5.6 percent and 4.0 percent, respectively. But most classes saw declines. Express Mail fell 3.2 percent; Periodicals, 3.1 percent; Priority Mail, 1.8 percent; First-Class, 1.4 percent; and Package Services, 0.8 percent.