USPS reports third-quarter financial results | Total operating revenue was $19.9 billion

  USPS reports third-quarter financial results

"...Net loss. Under generally accepted accounting principles, net loss for the quarter totaled $2.5 billion, compared with a net loss of $3.1 billion for the same quarter last year. The $562 million decrease is attributed to an operating revenue increase of $1.1 billion along with a decrease in workers’ compensation benefits of $416 million.

“Our results this quarter reflect some progress relative to those areas of the business where we can exercise control, namely with revenue generation, cost control and service improvement,” Postmaster General David Steiner said.

“Nevertheless, the Postal Service is today continuing to face a severe liquidity crisis..."

Reference: news.usps.com




 

Union Plus | One of your members could unlock $40K

 

Wouldn't it be fantastic if one of your NPMHU members walked home with one of the $150K+ in prizes on the line? We both know they deserve it, so we're counting on you to remind them to enter before it's too late to win:

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Enter the Unions Power America Sweepstakes before August 19th.

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Reference: www.npmhu.org/media/news/one-of-your-members-could-unlock-40k-2026