USPS Losses Continue, Default on Federal Payments Looming
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Major elements of the third quarter financial results include:
- Total mail volume of 39.8 billion pieces, compared to 40.9 billion pieces in the same period a year earlier, a decrease of 2.6 percent, led by a drop in First-Class Mail; and
- Operating revenue of $15.8 billion, compared to $16.0 billion in the same period a year earlier, a decrease of 1.7 percent.
Mailing Services revenue of $13.6 billion decreased $429 million, or 3.1 percent, in the third quarter of 2011, compared to the same period a year ago. Mailing Services volume of 39.5 billion pieces represents a 2.7 percent decline from the same period a year earlier.
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