Usps Revenue Loss By Year

We cannot generate enough revenue or cut enough costs to pay all of our bills the postal service reported a loss of 2 7 billion for the fiscal year that ended sept.

Usps revenue loss by year. Friends and families businesses and customers. 3 one key reason the postal service s revenue hasn t kept pace with expenses is that it s delivering a lot less mail than it used to. 14 2014 postmaster general ceo patrick r. In the fiscal year of 2020 the usps generated annual revenue of over 73 1 billion u s.

We deliver to every address in america from the biggest cities to the smallest hamlets. The net loss for the year was 8 8 billion an increase in net loss of 4 9 billion compared to 2018. Postal service lost money in six out of the 10 years from 2001 through 2010 according to its financial reports. Last year it delivered 142 6 billion pieces a 31 4 decline.

Financial briefing fri nov. The resulting net loss for the 2014 fiscal year was 5 5 billion compared to a net loss of 5 0 billion in 2013. It s what we. 14 2014 to discuss the unaudited financial results.

We make the connections. The results marked the 13th consecutive year the mailing agency lost money although. Controllable loss for the year was 3 4 billion an increase of 1 5 billion compared to the prior year. Donahoe and chief financial officer and executive vice president joseph corbett will host a telephone web conference call at 11 00 a m.

By the end of the decade the semi independent government agency s losses had reached a record 8 5 billion forcing the postal service to consider seeking an increase in its 15 billion debt ceiling or face insolvency. In 2000 the agency delivered 207 9 billion pieces of mail including everything from postcards to packages. Always have always will. This is our commitment providing secure reliable affordable delivery of mail and packages.

Postal service lost 8 8 billion in fiscal 2019 more than doubling its losses from the previous year. This is our mandate binding the nation together.