USPS: Mail volume on the rise

Mail volume on the rise

Delivery points increase 400,000

Chief Financial Officer Richard Strasser told the Postal Service Board of Governors today that mail volume in the second quarter showed a gain of 600 million pieces — to 52.1 billion — and a $17 million increase in revenue.

Strasser also said total revenue of $17.3 billion exceeded total expenses of $17.0 billion, producing a net income of $275 million — down from $741 million in Quarter 2 of last year.

“There was a dip in revenue and volume in January and slight increases in February and March,” Strasser explained. “Increased expenses due to cost inflation, additional volumes and deliveries were contained by productivity gains through workhour savings.”

The number of delivery addresses continued to increase, up by 400,000 in Quarter 2. That brings the total number of delivery points to 143.2 million — 1.8 million more addresses than a year ago.