USPS

USPS November 2012 Financial Results

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Patrick R. Donahoe, Postmaster General and Chief Executive Officer of the United States Postal Service speaks to members of the press during the Holiday mailing press conference.

Workhours were about the same but mail volumes were down from SPLY according to the latest financials from the USPS. First Class volume was down a whopping 6.7 percent compared to November 2011. Periodicals took an even greater hit, down 7.8 percent. And Standard Mail was down 3.3 percent despite hopes this class of mail could grow with a recovering economy. Overall, total mail volumes were down 3.4 percent from SPLY.

Despite decreases in mail volumes, workhours remained relatively unchanged, down only 0.2 percent. In fact, workhours are up 1.4 percent YTD.

The Postal Service’s net loss for the month of November 2012 was $816 million, $282 million more than plan.

Source: USPS Preliminary Financial Information November 2012

(SPLY – Same Period Last Year)
(YTD – Year to Date)