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Despite Revenue Growth, Record Productivity, USPS Loses $5B

Highlights the need to continue to capitalize on growth opportunities, reduce costs, and enact comprehensive legislation

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The U.S. Postal Service ended the 2013 fiscal year (Oct. 1, 2012-Sept. 30, 2013) with a net loss of $5 billion. This marks the seventh consecutive year in which the Postal Service incurred a net loss, highlighting the need to continue to capitalize on growth opportunities, reduce costs, and enact comprehensive legislation to provide a long-term solution to the agency’s financial challenges. Even though the Postal Service has implemented a number of strategies that resulted in $15 billion in ann...

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