{"id":28151,"date":"2020-02-07T11:16:57","date_gmt":"2020-02-07T16:16:57","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=28151"},"modified":"2020-02-07T11:18:20","modified_gmt":"2020-02-07T16:18:20","slug":"postal-service-reports-first-quarter-fiscal-2020-results","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2020\/02\/07\/postal-service-reports-first-quarter-fiscal-2020-results\/","title":{"rendered":"Postal Service Reports First Quarter Fiscal 2020 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 $19.4 billion; package revenue of $6.6 billion<\/em><\/li>\n<li><em>Net loss of $748 million reflects continued systemic challenges<\/em><\/li>\n<li><em>Work hour reduction of 6.4 million demonstrates continued aggressive management actions<\/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\u2013 The U.S. Postal Service reported total revenue of $19.4 billion for the first quarter of fiscal 2020 (October\u00a01, 2019 &#8211; December\u00a031, 2019), a decrease of $363 million, or 1.8 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;\">Due to continuing secular declines in transaction mail, First-Class Mail revenue declined by $168 million, or 2.5 percent, on a volume decline of 571 million pieces, or 3.8%, and Periodicals revenue declined by $24 million, or 7.7 percent, compared to the same quarter last year. Marketing Mail revenue declined by $254 million, or 5.4 percent, on a volume decline of 1.7 billion pieces, or 7.9 percent, compared to the same quarter last year. The majority of volume declines in Marketing Mail were due to high levels of political and election mail in October and November of 2018, that were not replicated during the same period in 2019.<\/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;\">Meanwhile, Shipping and Packages revenue increased by $146 million, or 2.3 percent, despite a volume decline of 84 million pieces, or 4.6 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;\">&#8220;We demonstrated once again the power of our unrivaled network and our ability to provide solutions for our customers while growing package volumes during our peak period.\u00a0Package revenue for the quarter grew by $146 million. However, overall volumes and mail revenues for the quarter were down, and we continue to face systemic profitability challenges due to our restrictive business model and mandated costs,&#8221; said Postmaster General and CEO Megan J. Brennan. &#8220;We will continue to aggressively pursue opportunities to generate profitable revenues and drive greater operational efficiencies under our current structure, while also seeking legislative and regulatory reforms to allow the Postal Service to better invest in our business, compete for customers, control our costs and serve the evolving needs of the public.&#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;\">For the first quarter of fiscal year 2020, total work hours declined, compensation and benefits expense declined by $190 million, and total expenses were down approximately $1.1 billion. However, excluding non-cash fair value adjustments to the workers&#8217; compensation liability, total expenses were essentially flat compared to the first quarter of fiscal year 2019.<\/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;\">\u201cWhile many of our network costs are fixed to meet our universal service obligations, we continue to aggressively manage operating expenditures under management\u2019s control,&#8221; said Chief Financial Officer and Executive Vice President Joseph Corbett. \u201cThe Postal Service reduced work hours by 6.4 million relative to the same quarter last year, helping us to reduce overall compensation expenses.\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;\">The net loss for the quarter totaled $748 million, a decrease in net loss of $789 million, compared to a net loss of $1.5 billion for the same quarter last year. Controllable loss for the quarter was $387 million, compared to a controllable loss of $103 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;\"><strong>First Quarter Fiscal 2020 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 December 31, 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\"><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\">$<\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\">6,472<\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"8\">$<\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\">6,640<\/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\">14,318<\/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\">14,889<\/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\">4,411<\/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\">4,665<\/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\">20,302<\/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\">22,044<\/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\">6,606<\/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\">6,460<\/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\">1,737<\/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\">1,821<\/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\">704<\/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\">713<\/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\">240<\/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\">260<\/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\">287<\/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\">311<\/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\">1,110<\/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\">1,198<\/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\">871<\/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\">922<\/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\">94<\/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\">90<\/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>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\"><strong>19,351<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"8\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"right\"><strong>19,711<\/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>37,801<\/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>40,302<\/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 First Quarter Fiscal 2020 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 December 31, 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>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>19,351<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>19,711<\/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\"><\/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<td valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">6<\/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>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>19,354<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>19,717<\/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>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>20,079<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>21,226<\/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\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(23)<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(28)<\/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>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(748)<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(1,537)<\/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\">225<\/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\">275<\/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\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">(543)<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">505<\/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\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">10<\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\">55<\/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\">404<\/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\">360<\/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\">265<\/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\">239<\/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>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(387)<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"5\"><\/td>\n<td valign=\"bottom\" width=\"86\"><strong>$<\/strong><\/td>\n<td valign=\"bottom\" width=\"86\">\n<p align=\"right\"><strong>(103)<\/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 OPM by September 30 of the respective year, as calculated by OPM, to amortize the unfunded PSRHBF retirement health benefit obligation. Payments are to be made through 2056 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>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, as calculated 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, as calculated 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<\/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<a href=\"http:\/\/about.usps.com\/what\/financials\/\"><em>http:\/\/about.usps.com\/what\/financials\/<\/em><\/a><\/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><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 5:30 p.m. ET on February\u00a06, 2020, 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\u00a0Conference ID: 3738718<\/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<a href=\"https:\/\/usps.webex.com\/usps\/onstage\/g.php?MTID=e784cc54f36f90b61f20f0cf0ec39f41f\">https:\/\/usps.webex.com\/usps\/onstage\/g.php?MTID=e784cc54f36f90b61f20f0cf0ec39f41f<\/a><\/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<a href=\"https:\/\/usps.webex.com\/\"><em>https:\/\/usps.webex.com<\/em><\/a><br \/>\nEvent Number: 825 198 437<\/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<a href=\"http:\/\/about.usps.com\/what\/financials\/briefings\/welcome.htm\"><em>http:\/\/about.usps.com\/what\/financials\/briefings\/welcome.htm<\/em><\/a><\/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-full wp-image-26203\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2019\/04\/usps1.jpg\" alt=\"\" width=\"282\" height=\"162\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2019\/04\/usps1.jpg 282w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2019\/04\/usps1-123x70.jpg 123w\" sizes=\"auto, (max-width: 282px) 100vw, 282px\" \/><\/p>\n<hr \/>\n<p><strong>From USPS News Link<\/strong><\/p>\n<p>The Postal Service has reported its financial results for fiscal year 2020\u2019s first quarter (Oct. 1-Dec. 31, 2019). Here are some highlights:<\/p>\n<p><strong>\u2022 Revenue.<\/strong>\u00a0Total revenue was $19.4 billion, down 1.8 percent from the same period one year earlier. First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. Shipping and packages revenue increased 2.3 percent.<\/p>\n<p><strong>\u2022 Volume.<\/strong>\u00a0Total volume was 37.8 billion pieces, down 6.2 percent from the same period one year earlier. First-Class Mail volume declined 3.8 percent, while Marketing Mail volume was down 7.9 percent, primarily due to the high level of political and election mail in October 2018 and November 2018 that was not replicated during the same months in 2019. Shipping and packages volume declined 4.6 percent.<\/p>\n<p><strong>\u2022 Expenses.<\/strong>\u00a0Total operating expenses were $20.1 billion. Excluding non-cash fair value adjustments to the workers\u2019 compensation liability, total expenses were essentially flat compared to the first quarter of fiscal year 2019.<\/p>\n<p><strong>\u2022 Net loss.<\/strong>\u00a0The net loss for the quarter totaled nearly $748 million, a decrease in net loss of $789 million compared to a net loss of $1.5 billion for the same quarter one year earlier.<\/p>\n<p>\u201cWe demonstrated once again the power of our unrivaled network and our ability to provide solutions for our customers while growing package volumes during our peak period. Package revenue for the quarter grew by $146 million. However, overall volumes and mail revenues for the quarter were down, and we continue to face systemic profitability challenges due to our restrictive business model and mandated costs,\u201d said Postmaster General Megan J. Brennan.<\/p>\n<p>\u201cWe will continue to aggressively pursue opportunities to generate profitable revenues and drive greater operational efficiencies under our current structure, while also seeking legislative and regulatory reforms to allow the Postal Service to better invest in our business, compete for customers, control our costs and serve the evolving needs of the public.\u201d<\/p>\n<p>The Postal Service\u2019s financial results in the Form 10-Q are\u00a0<em><a href=\"http:\/\/about.usps.com\/what\/financials\/\" target=\"_blank\" rel=\"noopener noreferrer\">available at usps.com<\/a><\/em><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue of $19.4 billion; package revenue of $6.6 billion Net loss of $748 million reflects continued systemic challenges Work hour reduction of 6.4 million demonstrates continued aggressive management actions WASHINGTON\u00a0\u2013 The U.S. Postal Service reported total revenue of $19.4 billion for the first quarter of fiscal 2020 (October\u00a01, 2019 &#8211; December\u00a031, 2019), a decrease of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,16],"tags":[],"class_list":["post-28151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-usps-news","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/28151","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=28151"}],"version-history":[{"count":3,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/28151\/revisions"}],"predecessor-version":[{"id":28154,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/28151\/revisions\/28154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/26203"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=28151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=28151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=28151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}