USPS

Save for a change in an accounting estimate, the United States Postal Service (USPS) tuned an operating profit in the fiscal third quarter, it reported today.

As negotiations continue between Canada Post and the Canadian Union of Postal Workers, the United States Postal Service (USPS) is still monitoring a possible work disruption affecting Canada Post, noted a USPS customer alert issued on July 11.

The USPS reported that operating revenue at $17.7 billion was up 4.7 percent, or $788 million, annually. But it incurred a net loss of $2.0 billion compared to a $1.5 billion loss for the same period a year ago.

Even with some reasons for optimism based on a strong performance from its Shipping and Package group, financial issues persist for the United States Postal Service.

Even with some reasons for optimism based on a strong performance from its Shipping and Package group, financial issues persist for the United States Postal Service (USPS). The USPS made this clear yesterday, explaining that without Congressional or court action to extend, or make permanent, its current exigent surcharge for mailing products and services, it will be required to decrease certain prices, effective April 10, 2016.

USPS pointed to ongoing growth in its Shipping and Package Group, whose primary offerings are comprised of Priority Mail, Express Mail, Parcel Select and Parcel Return services, as the key driver for the quarterly revenue gains.

There are less than 24 hours until Christmas and the annual last minute shoppers are not the only people feeling the heat, FedEx, UPS and the USPS are all racing to have millions of packages delivered for products ordered in the still ongoing holiday season.

As retailers rethink inventory strategy, transportation companies see fortunes change; e-commerce to buoy UPS, FedEx, DHL, and USPS.

While its top-line losses remain intact, with last week’s announcement that it had a $5.1 billion fiscal year 2015 net loss, there are some bright spots mixed in with last week’s fiscal year 2015 earnings announcement from the United States Postal Service (USPS).

While often viewed as a lower-price alternative to the “big two” of UPS and FedEx in some instances, the United States Postal Service (USPS) last week announced it plans to raise prices for some of its Shipping Services in a filing with the Postal Regulatory Commission.

The USPS reported today that it had a $586 million net loss for the fiscal third quarter, which represents a $1.4 billion reduction compare to a $2 billion net loss for a same quarter a year ago. For the fiscal first and second quarters, the USPS had $754 million and $1.5 billion net losses, respectively.

Late last week, the United States Postal Service (USPS) announced it had a $1.5 billion net loss for the fiscal second quarter compared to a $1.9 billion net loss for the same period last year. This follows a fiscal first quarter net loss of $754 million and a $5.5 billion fiscal 2014 net loss.

USPS reported a $754 million net loss for the quarter, following a $5.5 billion net loss for all of fiscal 2014.

If it’s approved, Priority Mail International will increase 6.8%, adding zone pricing in Canada, and Priority Mail Express International will increase 6.7% percent.

The United States Postal Service (USPS) today announced that fiscal year 2014 operating revenue increased by $569 million, which was driven by its January 2014 rate increase and an ongoing strong performance in its Shipping and Package group. Conversely, though, the USPS said it is still faced with regulatory burdens and constraints as it incurred a FY 2014 net loss of $5.5 billion, marking the eighth straight annual net loss. USPS officials said this most recent annual loss highlights the need for legislation to repair...