U.S. Postal Service Reports Fiscal Year 2017 Second Quarter Results

05/15/2017

The United Stated Postal Service has filed their Fiscal Year 2017 Second Quarter Results.

Although the U.S. Postal Service posted modest controllable income for the second quarter of fiscal year 2017 (January 1, 2017 – March 31, 2017) of $12 million, it fell well short of the $576 million that it had for the same quarter last year. This reduction was driven by the April 2016 expiration of the exigent surcharge, which would have generated approximately $500 million in additional revenue during the quarter had it remained in place, and to a lesser extent, a $69 million increase in controllable operating expenses.