USPS Releases FY 2017 Financial Results

11/14/2017

The United States Postal Service has released their FY 2017 financial results.

Key Items:

  • Revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 – September 30, 2017), a decrease of $1.8 billion compared to the prior year.
  • Net loss for the year of $2.7 billion, a decrease in net loss of $2.8 billion compared to 2016. $2.4 billion was the result of changes in interest rates, outside of management’s control, that reduced workers’ compensation expense compared to last year.
  • In 2017, mail volumes declined by approximately 5.0 billion pieces, or 3.6 percent
  • Packages grew by 589 million pieces, or 11.4 percent