{"id":10040,"date":"2015-02-11T08:41:09","date_gmt":"2015-02-11T13:41:09","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=10040"},"modified":"2015-02-11T08:41:09","modified_gmt":"2015-02-11T13:41:09","slug":"apwu-postal-service-has-fantastic-quarter-as-profits-rise","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2015\/02\/11\/apwu-postal-service-has-fantastic-quarter-as-profits-rise\/","title":{"rendered":"APWU: Postal Service Has \u2018Fantastic Quarter\u2019 as Profits Rise"},"content":{"rendered":"<p>APWU News &#8211; The Postal Service\u2019s operating profit for the first fiscal quarter of 2015 was $1.1 billion, with cash at hand increasing to $7 billion, according to the unaudited financial report released on Feb. 6.\u00a0 Revenues have increased 4.3 percent to $18.8 billion, compared to the same time last year. <a href=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2014\/03\/1aa-APWU-small.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-7249\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2014\/03\/1aa-APWU-small.gif\" alt=\"1aa-APWU-small\" width=\"295\" height=\"182\" \/><\/a><\/p>\n<p>Although the Postal Service\u2019s Chief Financial Officer called it a \u201cfantastic quarter,\u201d the USPS <a href=\"http:\/\/about.usps.com\/news\/national-releases\/2015\/pr15_010.htm\" target=\"_blank\">press release<\/a> cries the blues over a $754 million net loss \u2013 a loss that exists only on paper. In 2006, a lame-duck Congress mandated that the Postal Service pre-fund future retiree health benefits 75 years in advance \u2013 something no other public agency or private firm is required to do.<\/p>\n<p>\u201cThese numbers are great news for the Postal Service and for people,\u201d said APWU President Mark Dimondstein. \u201cThere is no justification for management to continue the policy of dismantling the postal network and degrading service.<\/p>\n<p>\u201cThis is the perfect time to strengthen our national treasure,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APWU News &#8211; The Postal Service\u2019s operating profit for the first fiscal quarter of 2015 was $1.1 billion, with cash at hand increasing to $7 billion, according to the unaudited financial report released on Feb. 6.\u00a0 Revenues have increased 4.3 percent to $18.8 billion, compared to the same time last year. Although the Postal Service\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7249,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-10040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apwu-news","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/10040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=10040"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/10040\/revisions"}],"predecessor-version":[{"id":10041,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/10040\/revisions\/10041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/7249"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=10040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=10040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=10040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}