Postal Updates
U.S. Postal Service financial update

Washington Postal Scene by Bill McAllister
For the quarter that ended June 30, the United States Postal Service reported a net operating loss of $1.5 billion compared to a loss of $2.1 billion in the same period of 2017.
The results give the Postal Service a net loss of $3.4 billion for the nine months of fiscal 2018 compared to a loss of $1.3 billion in the 2017 period.
All signs point to continuing losses said USPS chief financial officer Joseph Corbett in an Aug. 9 news release. Postal revenues climbed slightly in the third quarter to $17.1 billion from $16.7 billion in fiscal 2017.
First-class mail declined by 2.2 percent, and marketing mail increased by 1.6 percent.
Package volume grew but was not enough to erase the agency’s continuing losses.
Connect with Linn’s Stamp News:
Sign up for our Newsletter
Like us on Facebook
Follow us on Twitter
MORE RELATED ARTICLES
Headlines
-
US Stamps
May 31, 2023, 10 PMPostal Service finalizes 2023 U.S. stamp program
-
Postal Updates
May 31, 2023, 6 PMUSPS board member Hajjar supportive of stamps, mail
-
Auctions
May 31, 2023, 3 PMPart 1 of extensive Kilgas China collection in June 14 Cherrystone auction
-
World Stamps
May 31, 2023, 12 PMMint Official stamps of East Germany a challenge to find