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Economics
The Postal Service’s financial results for the month of February 2015 were posted today on the Postal Regulatory Commission’s website.
For the fiscal year so far (October 2014-February 2015), the Postal Service has a $1.401 billion operating profit (see ‘Controllable Operating Income (Loss)’ line in the report linked here). This result, for the first 5 months of this fiscal year, exceeds the $1.374 billion operating profit for the entire fiscal 2014 year (see pg. 14 of the 2014 10-K attached here).
Through February, total mail volume is up 0.5 percent and total mail revenue is up 3 percent compared to the same time last year. First-Class Mail revenue is up 3 percent, and First-Class Mail volume is down only -0.7 percent compared to last year. Standard Mail revenue is up 4.5 percent and Standard Mail volume is up 1.4 percent compared to last year. Shipping & Package revenue is up 8.5 percent and volume is up 12 percent compared to last year.
For the month of February 2015, the Postal Service had a $76 million operating profit, down slightly from the results for the same month last year, but a higher result than planned.
With one month left to go in the fiscal second quarter, the Postal Service’s 2Q 2015 results are looking good. Stay tuned.