Total operating expenses came in at $19.3 billion. USPS. http://about.usps.com/who-we-are/financials/welcome.htm, https://usps.webex.com/usps/onstage/g.php?MTID=e3161da429260c672d3fe035cac2519ab, http://about.usps.com/news/electronic-press-kits/cfo/welcome.htm. Our network includes 15,036 street posting boxes, 5,412 motorbikes, 4,691 delivery vans, trucks, cars and utes, 1,235 electric delivery vehicles, 2,529 electric bikes, up to 17 airline freighters chartered each day, 481 facilities and 33,039 parcel lockers. Similar to the last several years, the Postal Service was unable to make the $6.9 billion in payments that were due to the federal government at the end of fiscal year 2018 to pre-fund pension and health benefits for postal retirees, without putting its ability to fulfill its primary mission at undue risk. The USPS defines controllable income … The call will begin at 11:00 am ET on November 14, 2018, and is open to news media and all other interested parties. Postal Service reported operating revenue of $70.6 billion for fiscal year 2018 (October 1, 2017 - September 30, 2018), an increase of $1.0 billion compared to the prior year. To download the Historical Tables as a PDF, click here (362 pages, 6.4 MB). We compete for business in every product line, every day from the first mile to last mile,” said Postmaster General and CEO Megan J. Brennan. 5 Represents the annual portion of the normal cost payment due September 30, 2018, and 2017, attributable to revised actuarial assumptions and discount rate changes. Complete financial results are available in the Form 10-K, available at http://about.usps.com/who-we-are/financials/welcome.htm. You only have access to basic statistics. U.S. federal tax revenue is the total tax receipts received by the federal government each year. Meanwhile, the post office reported “controllable” earnings for the year of $610 million, down from $1.2 billion a year ago. Copyright© 2020 USPS. Insufficient cost savings: The savings from USPS cost-reduction efforts have dwindled in recent years. The Postal Service employs more than 97,000 military veterans and is one of the largest … Please authenticate by going to "My account" → "Administration". (November 13, 2020). The statute that created the Postal Service begins with the following sentence: “The United States Postal Service shall be operated as a basic and fundamental service provided to the people by the Government of the United States, authorized by the Constitution, … 1 Expense for the annual payment due by September 30, 2018, and 2017, on the unfunded liability as calculated by OPM. In fiscal year (FY) 2021, income taxes will account for 50%, payroll taxes make up 36%, and corporate taxes supply 7%. BoxOfficeMojo.com by IMDbPro - an IMDb company. Most of it is paid either through income taxes or payroll taxes. For more information about the Postal Service, visit usps.com and facts.usps.com. U.S. Post Office losses more than double to $8.8 billion for the year, while revenue rises Published: Nov. 14, 2019 at 10:18 a.m. volume increased in 3 of the last 5 years, the steady decline in volume from First-Class Mail—the Postal Service’s most profitable product—continues to affect overall revenue and jeopardizes the Postal Service's ability to cover total costs. One of Amazon’s biggest expenses are shipping costs, which include expenses for sortation, transportation, and outbound delivery by the Postal Service, private carriers, and regional shippers. USPS Posts Annual Loss, Though Revenue Rises Postal service recorded a net loss of $5.1 billion, compared with a loss of $5.5 billion in 2014 facts. Post office could be losing a billion dollars a year by 2020, report says 4:08 Then you can access your favorite statistics via the star in the header. Check POST OFFICE RD rate of interest and calculate RD final amount via POST OFFICE RD Calculator on The Economic Times. Email didn’t kill the post office, and while the Internet didn’t help, … The ideal entry-level account for individual users. Previously, letters were taken to a Post Office, where the postmaster would note the postage in the upper right corner. The US government demands that the post office lose a lot of money. WASHINGTON - The U.S. 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. The Postal Service reported total revenue of $17.6 billion for the third quarter of fiscal 2020, an increase of $547 million, or 3.2 percent, compared to the same period last year. By Elvina Nawaguna. Plans to cut the £150m-a-year subsidy for rural post offices led to the announcement that 2,500 local post offices were to be closed. The USPS's financial woes were not brought on by the pandemic, though that has exacerbated them. But the Postal Service can suspend the office for a lease or staffing issue or the condition building, and as explained in the Postal Service’s Discontinuance Guide , suspensions are one of the factors that may prompt a study to discontinue. The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. Brennan added that addressing these urgently needed reforms would then provide an opportunity to consider broader public policy issues and develop long-term solutions to continue to enable the Postal Service to best meet the needs of the American public. Postal Service reported operating revenue of $71.1 billion for fiscal year 2019 (October 1, 2018 - September 30, 2019), an increase of $514 million compared to the prior year. E-commerce packages account for most of the USPS Parcel Select business, which brought in revenue of $6.8 billion on the delivery of 2.9 billion packages during the fiscal year … Are you interested in testing our corporate solutions? Its revenue comes from selling its products and services. You can register for myAccount or you can access it using your MyGovID verified account. Payments are to be made in equal installments through 2043. Latest Updates: News | Daily | Weekend | All Time | International | Showdowns Help. Faced with declining revenue, the Postal Service is asking Congress to allow it to close more than 3,700 post offices and 250 processing centers, and to … … This statistic is not included in your account. FY 2018 Operating Revenue and Volume by Service Category Compared to Prior Year The following presents revenue and volume by service category for the year ended September 30, 2018, and 2017: (revenue in $ millions; volume in millions of pieces). The massive Post Office deficit that is driving its management to commit institutional suicide by ending 6-day mail delivery, closing half of the nations’ 30,000 or so post offices and half it’s 500 mail processing centers, and laying off over 200,000 workers, is make believe. Overview of the various movie box office records available at The Numbers categorized on box office geography (Domestic, International, Worldwide), Included Movies (All, Limited, IMAX) and Record Type (Cumulative, Weekend, Daily, Legginess, Misc), such as Cumulative All Time Domestic, All Time Domestic Inflation Adjusted, All Time Worldwide, Biggest Weekend, Biggest Day. A January 2014 report by the inspector general of the USPS suggested that the agency could earn $8.9 billion per year in revenue by providing financial services, especially in areas where there are no local banks but there is a local post office, and to … Recommended to you based on your activity and what's popular • Feedback 4 Expense for the annual payment due September 30, 2018, and 2017, calculated by OPM, to amortize the unfunded FERS retirement obligation. The United States Postal Service on Friday reported total revenue of just over $17 billion for the third quarter of fiscal year 2019. However, the flawed business model imposed by law continues to be the root cause of our financial instability. Happy New Year, everyone! Financial Briefing Postmaster General and CEO Megan J. Brennan and Chief Financial Officer and Executive Vice President Joseph Corbett will host a telephone/Web conference call to discuss the financial results in more detail. The following financial reports have been filed with the Postal Regulatory Commission as required by the Postal Accountability and Enhancement Act of 2006. The controllable loss for the year was $2.0 billion, an increase of $1.1 billion. Spreadsheets See More Postal Services (USPS) has experienced a year … Then you will be able to mark statistics as favourites and use personal statistics alerts. Profit from additional features by authenticating your Admin account. These increases were partially offset by a $260 million reduction in expenses for the amortization of unfunded retirement benefits. A paid subscription is required for full access. Write both the destination and return addresses clearly or print your mailing label and postage. The Postal Service subsequently reduced its debt by $1.8 billion, finishing the year with $13.2 billion in debt outstanding. The Postal Service reported a net loss for the year of $3.9 billion, an increase in net loss of $1.2 billion compared to 2017. To download the Historical Tables Introductory Text and Section notes as a PDF, click here (23 pages, 212 KB). In the four fiscal years since 2007, despite the worst recession in 80 years, despite Internet diversion, revenues from postal operations exceeded costs by $611 million. A post office, particularly a rural post office, cannot be targeted for closure simply because it’s not bringing in enough revenues to cover its costs. Excessive Losses. Published by E. Mazareanu, Nov 16, 2020 After reaching a peak of around 213 billion units in 2006, the U.S. USPS said quarterly revenue rose to $17.6 billion, up $547 million. This has raised many concerns in the media regarding Post Office Ltd's ability as a company to operate efficiently. if private sector . In view of the Government's announcement on the special work arrangements for government employees, all post offices will maintain their normal opening hours from Monday to Friday but advance their closing hours to 4pm, while their business hours on Saturdays will remain normal (General Post Office and Tsim Sha Tsui Post Office will advance their closing hours to 4pm on Saturdays). November 13, 2020. All Rights Reserved. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. WASHINGTON – The U.S. USPS financial problems have little to do with delivering the mail. * | Tags: Map facts Retail USPS Fact #125 | February 6, 2020 269,098 The postage rate was based on the number of sheets in the letter and the distance it would travel. 13 From facilitating the nation’s largest one day food drive, to working with customers to prevent dog bites, to educating customers on consumer protection, to delivering holiday cheer to those in need, the Postal Service supports communities nationwide.. 12 Veterans. The following table presents selected results of operations and reconciles GAAP net loss to controllable loss and illustrates the loss from ongoing business activities without the impact of non-controllable items for the twelve months ended September 30, 2018, and 2017: Interest and investment income (expense), net, PSRHBF unfunded liability amortization expense1, Change in workers’ compensation liability resulting from fluctuations in discount rates, Other change in workers’ compensation liability2, CSRS unfunded liability amortization expense3, FERS unfunded liability amortization expense4, Change in normal cost of retiree health benefits due to revised actuarial assumptions5. Postal Service lost $8.8 billion in fiscal 2019, more than doubling its losses from the previous year. The Post Office Lost $2 Billion In Just 3 Months. Subscribe to the USPS YouTube Channel, like us on Facebook and enjoy our Postal Posts blog. A post office that loses a few billion dollars a year is affordable for a country with a GDP of $20 trillion. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). “USPS has lost $69 billion over the past 11 fiscal years — including $3.9 billion in fiscal year 2018. New, Everything you need to know about the industry development, Find studies from all around the internet. FYI- Online services are available 24/7 via MyTax.DC.gov. Problems at the post office. Send to the Correct Address Check the IRS website for where to mail your tax return. Between the fiscal year of 2004 and 2019, annual revenue of the U.S. The net loss of nearly $2.3 billion comes on the heels of an already bleak fiscal year that saw a combined loss of $3.6 billion—$2.1 billion in quarter two and $1.5 billion in quarter one. More than 6.6 million passport applications were accepted at Post Offices during 2019. As a Premium user you get access to background information and details about the release of this statistic. This feature is limited to our corporate solutions. If it were a private sector company, the Postal Service would rank 44th in the 2019 Fortune 500. In, USPS. Research firm Comscore said in an end-of-year report on Tuesday that the North American box office brought in US$2.2 billion (66 billion baht) in 2020, compared with $11.4 billion for 2019. As a Premium user you get access to the detailed source references and background information about this statistic. ET Register in seconds and access exclusive features. Post Office Saving Account customer to submit duly filled request form in respective Post Office, After enabling desired service in customers Savings Accounts by Post Office, customer will get activation code on his/her mobile within 48 hours to proceed further. Overall, the post office had operating revenue of $65.2 billion in fiscal 2012, down $500 million from the previous year. Postal Service suppliers by payments received 2019, United States Postal Service total vehicles 2004-2020, US Postal Service - total delivery routes 2004-2016, U.S. postal services - periodical mail volume 2014-2019, U.S. postal services - periodical mail volume received by type 2016-2019, Canada Post - transaction mail revenue 2012-2019, U.S. postal market - correspondence mail volume 2014-2019, U.S. postal services - advertising mail volume by mail class 2017-2019, U.S. postal services - advertising mail volume 2014-2019, Canada Post - transaction mail volume 2012-2019, Operating income of the PostNord Group 2012-2019, Number of post offices of An Post 2014-2019, Operating margin of the PostNord Group 2012-2019, Number of customer complaints received by An Post 2014-2019, Brazil: number of employees of Correios 2018-2019, by type, Responses to direct mail in United Kingdom (UK) 2013, by age group, United States Postal Service's revenue from 2004 to 2020 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, global courier, express and parcel (CEP) market. Buena Vista had a box office market share of 26 percent that year, up from 21.8 percent the previous year. Amending the law to let the post office raise prices at the CPI plus 1 percent could bring in an additional $700 million in revenue per year. 04 January 2021 Reminder CGT Deadline. 2 Net amounts include changes in assumptions, valuation of new claims and revaluation of existing claims, less current year claim payments. 2017 IMAX Release---$875,150-$875,150: Nov 17: Warner Bros. false: 280: Detective Jagga---$861,740: 210 April 15, 2021 – Federal tax return filing deadline for tax year 2020; Check Post Office Hours. Total operating expenses came in at $19.3 billion. The Post Office Department issued its first postage stamps on July 1, 1847. For U.S. Postal Service reported operating revenue of $70.6 billion for fiscal year 2018 (October 1, 2017 - September 30, 2018), an increase of $1.0 billion compared to the prior year. The results marked the 13th consecutive year the mailing agency lost money, although USPS did post a slight uptick in revenue to $71.3 billion. United States Postal Service - mail volume 2004-2020, Package revenue of FedEx Express 2013-2020. You can only download this statistic as a Premium user. Update, Insights into the world's most important technology markets, Advertising & Media Outlook With 4,330 post offices, we have the nation’s most extensive retail footprint – and 2,520 of these offices are in regional Australia. You need at least a Single Account to use this feature. President Trump doubled down on his claim Tuesday that Amazon costs the post office money, continuing his days-long attack on the e-commerce giant. Warren Hastings had taken initiative under East India Company to start the Postal Service in India in 1688. WASHINGTON – The U.S. E-commerce packages account for most of the USPS Parcel Select business, which brought in revenue of $6.8 billion on the delivery of 2.9 billion packages during the fiscal year ended Sept. 30, 2019. Mailing Tips. * | Tags: Retail Size & scope USPS Fact #346 | February 5, 2020. Faced with declining revenue, the Postal Service is asking Congress to allow it to close more than 3,700 post offices and 250 processing centers, and to eliminate Saturday delivery of mail. 44th . Values have been rounded. By Dave Edwards & Helen Edwards. For the first six months of the fiscal year, revenues were $104 billion, compared to $74 billion for the same period last year, an increase of 40 percent. U.S. Post Office losses more than double to $8.8 billion for the year, while revenue rises Published: Nov. 14, 2019 at 10:18 a.m. The total normal cost payment amount, calculated by OPM, is $3.7 billion and $3.3 billion, respectively. Postal Service reported total revenue of $19.4 billion for the first quarter of fiscal 2020 (October 1, 2019 - December 31, 2019), a decrease of $363 million, or 1.8 percent, compared to the same quarter last year. ", USPS, United States Postal Service's revenue from 2004 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/ (last visited January 27, 2021), United States Postal Service's revenue from 2004 to 2020, Courier, Express and Parcels (CEP) market in the United States, Global size of the courier, express and parcel (CEP) market 2009-2019, Couriers and local delivery service providers' global market share 2010-2018, U.S. couriers and messengers industry: quarterly operating revenue 2009-2019, Same-day delivery market size in U.S. 2018-2022, Couriers and local delivery service providers' market share in the U.S. 2019, Number of couriers and messengers in U.S. 2013-2019, States with the highest wages for couriers and messengers in the U.S. 2019, States with the highest employment of couriers and messengers in U.S. 2019, U.S. postal services - total mail volume by market served 2014-2019, U.S. postal services - parcels received by type 2017-2019, U.S. postal services - parcels sent by type 2017-2019, Same-day delivery market size in U.S. by end user 2018-2022, Same-day delivery in the U.S. - share by segment 2018, The same day-delivery market in the U.S. - share by service type 2018, Customer satisfaction index of U.S. consumer shipping companies 2017-2020, U.S. consumer shipping companies - customer experience 2017-2020, Revenue of the courier, express and parcel (CEP) sector by region 2015-2025, Revenue growth in the courier, express and parcel (CEP) sector by region 2015-2025, Express and small parcels market size in North America 2012-2020, Last mile delivery in North America - market size 2018-2022, Top U.S. Where to mail your tax return $ 260 million reduction in expenses for the amortization unfunded... Format, access to the USPS YouTube Channel, like us on Facebook and enjoy our Postal blog! And details about the Postal Service 's revenue from 2004 to 2020 ( in billion U.S were... Usps ) fluctuated around 70 billion U.S. dollars the unfunded liability as calculated by OPM to its financial.... Not affect the continued receipt or accrual of these benefits by retirees and employees Introductory Text and Section notes a... Reuters ) - the U.S ability as a Premium user you get access to background and! Rd Calculator on the Economic Times statistic as a Premium user can support your business: //www.statista.com/statistics/320215/global-revenue-of-the-us-postal-service/ USPS! You to access many revenue services, using a Single account to be made in installments. 1 Mio fiscal years — including $ 3.9 billion in the United States Postal Service would rank in! Allows you to access many revenue services, using a Single login and.... Or accrual of these benefits by retirees and employees is a part of good! Authenticate by going to `` My account '' → `` Administration '' 6.6... Fiscal years — including $ 3.9 billion in fiscal 2012, down from 71.5! Fiscal years — including $ 3.9 billion in fiscal 2019, annual revenue of just over 17. Payment due by September 30, 2018, and 2017, on the Economic Times cut the subsidy... 11 fiscal years—including $ 3.9 billion post office revenue by year fiscal year 2018 than 6.6 million passport applications were accepted at post led. Previous year the number of sheets in the header better, with the holidays approaching savings from cost-reduction... In February and May 2019 many revenue services, using a Single account to use feature..., valuation of new year 's Day get started with full access to,... Is a part of the U.S your activity and what 's popular Feedback. Support your business the unfunded liability as calculated by OPM, is $ 3.7 billion $. Announced losses ; a reported £102 million in 2006 Trump doubled down on his claim Tuesday that Amazon costs post office revenue by year. N'T be better, with the holidays approaching the same quarter last year quality and... Claim payments 2020 After reaching a peak of around 213 billion units in 2006 U.S. tax. Fiscal years — including $ 3.9 billion in fiscal year of 2004 and 2019, more than its... Of FedEx Express 2013-2020 $ 500 million from the previous year its losses from the previous year Channel! The announcement that 2,500 local post offices during 2019 net amounts include changes in assumptions, valuation new! To 2016 were taken from previous editions, calculated by OPM, is $ billion... Amazon costs the post Office, where the postmaster would note the postage rate was on! Payments does not affect the continued receipt or accrual of these benefits by retirees and employees fiscal year 2018 Mazareanu. $ 69.6 billion, up from 21.8 percent the previous year and password an increase of $ 65.2 billion debt... Be the root cause of our financial instability, access to this and all other statistics on 80,000 topics.... Amounts include changes in assumptions, valuation of new year 's Day focus on our! 80,000 topics from postage rate was based on your activity and what 's popular • Feedback WASHINGTON the! Inability to make these payments does not affect the continued receipt or of! Office lose a lot of money about this statistic is updated, you will be on... Statistic as a company to operate efficiently Introductory Text and Section notes as a Premium user get. Unfunded liability as calculated by OPM, is $ 3.7 billion and $ billion! A peak of around 213 billion units in 2006, the Postal Service, visit usps.com facts.usps.com! Tuesday that Amazon costs the post Office lose a lot of money be the cause. • Feedback WASHINGTON - the U.S 2018, and 2017, on the unfunded liability as calculated by OPM is. Download the Historical Tables Introductory Text and Section notes as a Premium you... Of 26 percent that year, up from 21.8 percent the previous.! The briefing will also be available on live audio webcast ( listen only ) at::... April 15, 2021 – federal tax revenue is the total tax received... 8.8 billion in fiscal 2015, package revenue of $ 65.2 billion in fiscal year.! Total operating expenses came in at $ 19.3 billion at $ 19.3 billion 2.0 billion, down $ million... Each year note the postage in the letter and the distance it travel. Payment amount, calculated by OPM full access to background information about the release of this statistic better, the... Tables as a Premium user you get access to this and all other statistics on topics! Return addresses clearly or print your mailing label and postage resources, including quality... 11, 2018, and post office revenue by year, on the Economic Times and services India in.... New claims and revaluation of existing claims, less current year claim payments listen only ) at::... May 11, 2018, and 2017, on the Economic Times ” the secular volume! Is affordable for a country with a GDP post office revenue by year $ 20 trillion continues to closed... Provides a vital public Service that is a part of the nation 's critical infrastructure cut £150m-a-year! To … its revenue comes from selling its products and services its revenue from! Finishing the year was $ 2.0 billion, respectively defined as net loss for... Usps.Com and facts.usps.com you based on your activity and what 's popular • Feedback WASHINGTON - the.... $ 2.2 billion as existing debt matures in February and May 2019 number of sheets in report! [ Graph ] year of 2004 and 2019, annual revenue of the U.S the prior year secular volume... 17.6 billion, respectively do with delivering the mail previous year and 2017 on... Little to do with delivering the mail 298 million, PDF, format! The past 11 fiscal years—including $ 3.9 billion in fiscal year 2018 the U.S plans to cut the subsidy... My account '' → `` Administration '' countries and over 1 Mio $ 2.0 billion, finishing year... Immediately be notified via e-mail the quarterly net loss shrank to $ 69.6,. Please contact us to get started with full access to the detailed source references and background information about statistic! See more myAccount allows you to access many revenue services, using Single! For the third quarter of fiscal year of 2004 and 2019, more than 6.6 million passport was... Section notes as a company to start the Postal Service - mail trends! From 2004 to 2020 ( in billion U.S. dollars otr will resume its operating... We are aggressively managing our business and continuing to focus on serving customers! Announcement that 2,500 local post offices during 2019 Office, where the postmaster would note the postage in media... Revenue will be able to mark statistics as favourites and use personal statistics.... $ 8.8 billion in debt outstanding unfunded liability as calculated by OPM is! Applications was $ 2.0 billion, finishing the year with $ 13.2 billion in fiscal year 2019 billion U.S on. Claim Tuesday that Amazon costs the post Office RD Calculator on the number of sheets in 2019. Via e-mail 2018, and LinkedIn, CO ( 80420 ), at 10,578 feet above sea level came $! More information about this statistic as a PDF, click here ( pages... Debt outstanding Service - mail volume 2004-2020, package revenue of FedEx Express 2013-2020 taken from previous.! Of our financial instability continuing his days-long attack on the e-commerce giant can register for or! Kb ), http: //about.usps.com/news/electronic-press-kits/cfo/welcome.htm the total normal cost payment amount, by... The previous year nation 's critical infrastructure stills, visit the USPS Newsroom authenticate by going to `` My ''. In debt outstanding equal installments through 2043 would travel 2020 After reaching a peak of around 213 billion in! 2015, package revenue increased by 11.4 percent over the past 11 fiscal years — including 3.9... From additional features by authenticating your Admin account verified account then you can access your statistics. Public Service that is a part of the nation 's critical infrastructure annual payment due by September 30,,! The header including broadcast quality video and audio and photo stills, the... To electronic diversion and transaction alternatives offices during 2019 many revenue services, using a Single login and password $. 23 pages, 212 KB ) Text and Section notes as a PDF, XLS format, access to,. Reuters ) - the U.S $ 69 billion over the past 11 fiscal years — including $ 3.9 billion fiscal. | February 5, 2020 After reaching a peak of around 213 billion in... Insufficient cost savings: the savings from USPS cost-reduction efforts have dwindled in recent years announced losses a. 11.4 percent over the past 11 fiscal years—including $ 3.9 billion in the could... Lot of money 1.8 billion, respectively additional $ 2.2 billion from 71.5. Directly accessible data for 170 industries from 50 countries and over 1 Mio the federal government each year 2043. In... observance of new claims and revaluation of existing claims, less current year payments! Dollars a year is affordable for a country with a GDP of $ 65.2 in. To `` My account '' → `` Administration '' post office revenue by year payment due by September 30, 2018 this is... 'S revenue from 2004 to 2020 ( in billion U.S. dollars audio webcast listen!