Supplier Spotlight

USPS has released revenue figures for the second quarter of 2018, which revealed the postal operator's shipping and packages revenue grew by US$445m or 9.5% (read more here). But how many more parcels did the operator handle between January 1 and March 31, 2018?

News

USPS reports 1.4% revenue growth in Q2 2018 results

The US Postal Service (USPS) has reported total revenue of US$17.5bn for the second quarter of 2018 (January 1-March 31), which is an increase of US$235m (1.4%) compared to the same quarter last year.

Shipping and Packages revenue grew by US$445m (9.5%), while First Class and Marketing Mail revenue fell by a combined US$181m (-1.7%), reflecting multi-year trends of growing package volumes and declining letter volumes.

Package volume grew by 69 million pieces (5%), while mail volumes declined by 700 million pieces (-2.1%) compared to the same quarter in 2017.

“Despite growth in our package business, our financial results reflect systemic trends in the marketplace and the effects of an inflexible, legislatively mandated business model that limits our ability to generate sufficient revenue and imposes costs upon us that we cannot afford,” said Postmaster General and CEO Megan J Brennan.

“America needs a financially strong postal service that can invest in its future and can continue to fulfil the needs of American businesses and consumers. With continued aggressive management and greater legal authority to respond to changes in our marketplace and to control our costs, the Postal Service can return to financial sustainability.”

Total operating expenses were US$18.8bn for the quarter, an increase of US$1.0bn ( 5.7%) compared to the same quarter last year. Net loss for the second quarter totalled US$1.3bn, compared to a net loss of US$562m for the same period in 2017.

“The continued secular decline in First Class mail, rising costs and legislative and regulatory constraints resulted in larger losses this quarter,” said chief financial officer Joseph Corbett.

May 14, 2018

 


Video Exclusives


Starship drones deployed at Intuit campus in California

Autonomous drone developer Starship Technologies has completed the installation of delivery robots at a work campus for US financial software company Intuit in California.

01 May, 2018

Tompkins launches autonomous robotic sorting system

Technology developer Tompkins Robotics has partnered with IT provider Lab Z to launch its t-Sort portable, automated sortation system. The new solution uses a network of automated drones fitted with tilt trays to harmoniously sort parcels and packets into dedicated containers.

30 January, 2018

RECEIVE THE
LATEST NEWS


Your email address:



Read Latest Issue

Read Latest Issue

Exclusive Articles

Mark Bigley, CEO at Secured Mail, explores how supplier collaboration across retail delivery and fulfilment is a must for next-level service. May 21, 2018
Click here to read more


The John Lewis Partnership may fervently deny it held talks with Amazon about selling its Waitrose grocery stores – but whether it likes it or not, there’s no denying their acquisition would be a big win for Amazon. ParcelHero’s head of consumer research, David Jinks MILT, reveals why buying Waitrose would boost Amazon’s fresh food supply chain and create even more Amazon Prime members. May 15, 2018 
Click here to read more


Postal and Parcel Technology International talks to Frank Cianciullo about what opportunities posts in developing countries have when it comes to investing in automation technology. April 11, 2018
Click here to read more


Analysis

Mark Bigley, CEO at Secured Mail, explores how supplier collaboration across retail delivery and fulfilment is a must for next-level service. May 21, 2018
Click here to read more


The John Lewis Partnership may fervently deny it held talks with Amazon about selling its Waitrose grocery stores – but whether it likes it or not, there’s no denying their acquisition would be a big win for Amazon. ParcelHero’s head of consumer research, David Jinks MILT, reveals why buying Waitrose would boost Amazon’s fresh food supply chain and create even more Amazon Prime members. May 15, 2018 
Click here to read more


Digital freight platforms are popping up all over the place, but do they offer any advantages over the legacy systems? May 14, 2018
Click here to read more



Supplier Spotlight

Supplier SpotlightClick here for listings and information on leading suppliers covering all aspects of the postal technology industry. Want to see your company included? Contact helena.hunt@ukimediaevents.com for more details.

Submit your industry opinion

Industry BlogDo you have an opinion you'd like to share with the postal technology community? We'd like to hear your views and opinions on the leading issues shaping the industry. Share your comments by sending up to 500 words to helen.norman@ukimediaevents.com

Submit Your Recruitment Ad

Recruitment AdTo send us your recruitment advertising or to receive information on placing a banner please email helena.hunt@ukimediaevents.com