{"id":26982,"date":"2019-08-10T09:27:38","date_gmt":"2019-08-10T14:27:38","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=26982"},"modified":"2019-08-10T09:27:38","modified_gmt":"2019-08-10T14:27:38","slug":"u-s-postal-service-reports-third-quarter-fiscal-2019-results","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2019\/08\/10\/u-s-postal-service-reports-third-quarter-fiscal-2019-results\/","title":{"rendered":"U.S. Postal Service Reports Third Quarter Fiscal 2019 Results"},"content":{"rendered":"<ul style=\"box-sizing: border-box; margin: 0px auto 1rem; padding-left: 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">\n<li><em>Revenue of $17.1 billion, essentially unchanged compared to same quarter last year<\/em><\/li>\n<li><em>Net loss of nearly $2.3 billion<\/em><\/li>\n<li><em>USPS remains focused on aggressive management actions and legislative and regulatory reforms to provide Americans with a financially sustainable Postal Service<\/em><\/li>\n<\/ul>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\"><strong>WASHINGTON<\/strong>\u00a0&#8211; The U.S. Postal Service reported total revenue of $17.1 billion for the third quarter of fiscal 2019 (April\u00a01, 2019 &#8211; June\u00a030, 2019), an increase of $16 million, which is essentially flat compared to the same quarter last year.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">First-Class Mail revenue declined by $98 million, or 1.6 percent, on a volume decline of 361 million pieces, or 2.7 percent, compared to the same quarter last year. Marketing Mail revenue declined by $121 million, or 3.0 percent, on a volume decline of 878 million pieces, or 4.7 percent, compared to the same quarter last year. Periodicals revenue declined by $38 million, or 11.2 percent, on a volume decline of 173 million pieces, compared to the same quarter last year. Meanwhile, Shipping and Packages revenue increased by $250 million, or 4.8 percent, despite a volume decline of 47 million pieces, or 3.2 percent, compared to the same quarter last year.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">Total operating expenses were $19.3 billion for the quarter, an increase of $797 million, or 4.3 percent, compared to the same quarter last year. Excluding costs resulting from actuarial revaluation, discount rate changes, and amortization of unfunded liabilities, which are outside of management&#8217;s control, expenses increased by $218 million, or 1.2 percent, compared to the same quarter last year.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">\u201cWe continue to face imbalances in our business model that must be fixed through legislative and regulatory change. As we work to effectuate that change, we continue our ongoing aggressive management actions, and remain focused on delivering for the American public, and meeting their evolving business and residential needs,&#8221; said Postmaster General and Chief Executive Officer Megan J. Brennan. &#8220;We are actively adapting to changes throughout the mailing and shipping landscape, providing\u00a0customers with new solutions that add value for their investment, improve the service we provide, and drive internal efficiencies.&#8221;<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">Brennan added that the Postal Service\u2019s largely fixed and mandated costs continue to rise at a faster rate than the revenues that can be generated within a constrained business model, which is ill-suited to ensure the long-term sustainability of the Postal Service.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">The net loss for the quarter totaled nearly $2.3 billion, an increase of $767 million, compared to a net loss of nearly $1.5 billion for the same quarter last year. Controllable loss for the quarter was nearly $1.1 billion, compared to a controllable loss of $889 million for the same quarter last year.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">\u201cWe continue to focus on maximizing productivity,\u201d said Chief Financial Officer and Executive Vice President Joseph Corbett. \u201cWhile many of our network costs are fixed to meet our universal service obligations, we reduced work hours by approximately 1.7 million relative to the same quarter last year.\u201d<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\"><strong>Third Quarter Fiscal 2019 Operating Revenue and Volume by Service Category Compared to Prior Year<\/strong><br \/>\nThe following table presents revenue and volume by category for the three months ended June 30, 2019, and 2018:<\/p>\n<div class=\"wide-table\" style=\"box-sizing: border-box; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\"><\/td>\n<td colspan=\"7\" valign=\"bottom\" width=\"0\">\n<p align=\"center\"><strong>Revenue<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"5\" valign=\"bottom\" width=\"176\">\n<p align=\"center\"><strong>Volume<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\"><em>(revenue in $ millions; volume in millions of pieces)<\/em><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"0\">\n<p align=\"center\"><strong>2019<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"0\">\n<p align=\"center\"><strong>2018<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"center\"><strong>2019<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"center\"><strong>2018<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\"><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"0\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"0\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\"><strong>Service Category<\/strong><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"0\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"0\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\">First-Class Mail<\/td>\n<td valign=\"bottom\" width=\"8\">$<\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\">5,859<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"8\">$<\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\">5,957<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">13,098<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">13,459<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\">Marketing Mail<\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">3,861<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">3,982<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">17,668<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">18,546<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\">Shipping and Packages<\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">5,416<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">5,166<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">1,423<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">1,470<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\">International<\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">615<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">617<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">204<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">222<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\">Periodicals<\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">302<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">340<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">1,182<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">1,355<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\">Other<\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">1,033<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">1,012<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">85<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">96<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"293\"><strong>Total operating revenue and volume<\/strong><\/td>\n<td valign=\"bottom\" width=\"8\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\"><strong>17,086<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"8\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\"><strong>17,074<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>33,660<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>35,148<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\"><strong>Selected\u00a0<\/strong><strong>Third Quarter Fiscal 2019 Results of Operations and Controllable Loss<\/strong><br \/>\nThis news release references\u00a0<em>controllable loss<\/em>, which is not calculated and presented in accordance with accounting principles generally accepted in the United States (GAAP). Controllable loss is defined as net loss adjusted for items outside of management\u2019s control and non-recurring items. These adjustments include workers\u2019 compensation expenses caused by actuarial revaluation and discount rate changes, and the amortization of Postal Service Retiree Health Benefits Fund (PSRHBF), Civil Service Retirement System (CSRS) and Federal Employee Retirement System (FERS) unfunded liabilities.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">The following table presents selected results of operations and reconciles GAAP net loss to controllable loss and illustrates the loss from ongoing business activities without the impact of non-controllable items for the three months ended June 30, 2019, and 2018:<\/p>\n<div class=\"wide-table\" style=\"box-sizing: border-box; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\"><em>(results in $ millions)<\/em><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"5\">\n<p align=\"center\"><strong>2019<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"3\" valign=\"bottom\" width=\"5\">\n<p align=\"center\"><strong>2018<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\"><strong>Operating revenue<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>17,086<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>17,074<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\">Other revenue<\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">7<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">3<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\"><strong>Total revenue<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>17,093<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>17,077<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\"><strong>Total operating expenses<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>19,333<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>18,536<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\">Interest and investment income (expense), net<\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(16)<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(30)<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\"><strong>Net loss<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(2,256)<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(1,489)<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\">PSRHBF unfunded liability amortization expense<sup>1<\/sup><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">42<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">16<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\">Change in workers\u2019 compensation liability resulting from fluctuations in discount rates<\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">697<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(137)<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\">Other change in workers\u2019 compensation liability<sup>2<\/sup><\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">9<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(59)<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\">CSRS unfunded liability amortization expense<sup>3<\/sup><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">360<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td width=\"5\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">456<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\" width=\"485\">FERS unfunded liability amortization expense<sup>4<\/sup><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"5\">\n<p align=\"right\">239<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"5\">\n<p align=\"right\">322<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\" width=\"485\">Change in normal cost of retiree health benefits due to revised actuarial assumptions<sup>5<\/sup><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">(168)<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"2\" valign=\"bottom\" width=\"86\">\n<p align=\"right\">2<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"485\"><strong>Controllable loss<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(1,077)<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\">&nbsp;<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(889)<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"8\" valign=\"bottom\" width=\"672\"><sup>1<\/sup>\u00a0\u00a0Expense for the accrual for the annual payment due to PSRHBF by September 30 of the respective year, for the amortization of the unfunded liability. The 2019 amounts are based on OPM\u2019s invoice received July 2, 2019, with updated discount rate assumptions. The 2018 amounts are based on OPM\u2019s invoice received July 19, 2018, with updated discount rate assumptions.<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"8\" valign=\"bottom\" width=\"672\"><sup>2<\/sup>\u00a0\u00a0Net amounts include changes in assumptions, valuation of new claims and revaluation of existing claims, less current year claim payments.<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"8\" valign=\"bottom\" width=\"672\"><sup>3<\/sup>\u00a0\u00a0Expense for the accrual for the annual payment due to OPM by September 30 of the respective year, based on information provided by OPM, to amortize the unfunded CSRS retirement obligation. Payments are to be made through 2043 based on OPM invoices.<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"8\" valign=\"bottom\" width=\"672\"><sup>4<\/sup>\u00a0\u00a0Expense for the accrual for the annual payment due to OPM by September 30 of the respective year, based on information provided by OPM, to amortize the unfunded FERS retirement obligation. Payments are to be made over a 30-year rolling period based on OPM invoices.<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td colspan=\"8\" valign=\"bottom\" width=\"672\"><sup>5<\/sup>\u00a0\u00a0Represents the accrual for the portion of the increase in the annual normal cost payments due September 30, 2019, and 2018, attributable to revised actuarial assumptions and discount rate changes, based on OPM\u2019s invoices for the respective year. This amount represents the noncontrollable portion of the expense recorded for normal cost of retiree health benefits.<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">Financial results in the Form 10-Q are available at\u00a0<em><u><a href=\"http:\/\/about.usps.com\/what\/financials\/\">http:\/\/about.usps.com\/what\/financials\/<\/a><\/u><\/em><\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\"><strong>Financial Briefing<\/strong><strong>\u00a0<\/strong><br \/>\nPostmaster General and CEO Megan J. Brennan and CFO and Executive Vice President Joseph Corbett will host a telephone\/Web conference call to discuss the financial results in more detail. The call will begin at 11:00 a.m. ET on August\u00a09, 2019, and is open to news media and all other interested parties.<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\"><strong>How to Participate:<\/strong><\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">US\/Canada Attendee Dial-in: 844-340-4622\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Conference ID: 6372434<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">Attendee Direct URL:<em>\u00a0<u><a href=\"https:\/\/usps.webex.com\/usps\/onstage\/g.php?MTID=e762ad4ff02f4758f6e9e44fe4adccf5d\">https:\/\/usps.webex.com\/usps\/onstage\/g.php?MTID=e762ad4ff02f4758f6e9e44fe4adccf5d<\/a><\/u><\/em><\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">Alternate URL:\u00a0<em><u><a href=\"https:\/\/usps.webex.com\/\">https:\/\/usps.webex.com<\/a><\/u><\/em><br \/>\nEvent Number: 820 168 475<\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">The briefing is also available on live audio webcast (listen only) at:<br \/>\n<em><u><a href=\"http:\/\/about.usps.com\/what\/financials\/briefings\/welcome.htm\">http:\/\/about.usps.com\/what\/financials\/briefings\/welcome.htm<\/a><\/u><\/em><\/p>\n<p style=\"box-sizing: border-box; margin: 0px auto 1rem; color: #101820; font-family: HelveticaNeueW02-55Roma, 'Segoe UI', 'Helvetica Neue', Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 17.5px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #f7f7f7; text-decoration-style: initial; text-decoration-color: initial;\">The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-19525\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/05\/usps1-300x211.jpg\" alt=\"\" width=\"300\" height=\"211\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/05\/usps1-300x211.jpg 300w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/05\/usps1-80x55.jpg 80w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/05\/usps1.jpg 416w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/05\/usps1-100x70.jpg 100w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue of $17.1 billion, essentially unchanged compared to same quarter last year Net loss of nearly $2.3 billion USPS remains focused on aggressive management actions and legislative and regulatory reforms to provide Americans with a financially sustainable Postal Service WASHINGTON\u00a0&#8211; The U.S. Postal Service reported total revenue of $17.1 billion for the third quarter of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-26982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/26982","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=26982"}],"version-history":[{"count":2,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/26982\/revisions"}],"predecessor-version":[{"id":26984,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/26982\/revisions\/26984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/19525"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=26982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=26982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=26982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}