Just a heads-up that the U.S. Postal Service will be announcing its first-quarter fiscal 2014 financial results on Friday morning. Because of the holiday shipping season, the first quarter is typically the Postal Service’ s strongest, so it will be interesting to see whether the steady (albeit relative) improvement in USPS finances continued in the three-month period from October through December.
The numbers typically are released at a Board of Governors meeting. In this case, however, the Postal Service plans to announce them via a news release, followed by posting of the full quarterly report. Federal Times will have the story.
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THERE IS NO SHORT FALL. GET WITH THE PROGRAM
The UNITED STATES POSTAL SERVICE is a NON FOR PROFIT
SERVICE for the people of the U.S.A. All money made for the year must be spent to keep operations going. ( each part of the USPS has a budget… Any SURPLUS of Monies goes to a GOV’T General fund…Treasury
So how can the USPS have a NEG balance? Where has all the money gone?