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.
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?