{"id":6149,"date":"2013-05-20T22:35:12","date_gmt":"2013-05-21T03:35:12","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=6149"},"modified":"2013-05-20T22:35:12","modified_gmt":"2013-05-21T03:35:12","slug":"usps-raises-revenue-and-cuts-costs","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2013\/05\/20\/usps-raises-revenue-and-cuts-costs\/","title":{"rendered":"USPS raises revenue and cuts costs"},"content":{"rendered":"<p><a class=\"highslide\" onclick=\"return vz.expand(this)\" href=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2013\/05\/3-USPS-News1.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-6150\" title=\"3 - USPS News\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2013\/05\/3-USPS-News1-300x168.gif\" alt=\"\" width=\"300\" height=\"168\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2013\/05\/3-USPS-News1-300x168.gif 300w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2013\/05\/3-USPS-News1.gif 495w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>5\/20\/2013<\/p>\n<p><strong>Significant progress<br \/>\n<\/strong><em>USPS raises revenue and cuts costs<\/em><\/p>\n<p>In his latest \u201c<em>Dollars and \u00a2hange<\/em>\u201d video, CFO Joe Corbett discusses the good news surrounding the financial headway USPS made during the first six months of 2013.<\/p>\n<p>\u201cWe made significant progress in increasing revenues and cutting costs for all the areas where we have the legal and commercial flexibility to act,\u201d says Corbett.<\/p>\n<p>Corbett notes that the Postal Service outperformed its two largest competitors, growing revenue in the overall shipping and package business by 6.9 percent. USPS also raised revenue for Every Door Direct Mail by 80 percent and advertising and standard mail by almost three percent.<\/p>\n<p>Revenue increased over the prior period in fiscal year 2012, the first such increase the Postal Service has experienced in five years.<\/p>\n<p>Efficiency measures, such as consolidating plants, helped cut expenses by $200 million. Inflation offset the gains in efficiency and helped contribute to a net income loss of $3.1 billion on revenue of $34 billion.<\/p>\n<p>Corbett says more progress is necessary. \u201cWe need to execute our <a href=\"http:\/\/about.usps.com\/news\/national-releases\/2012\/pr12_0217profitability.pdf\" target=\"_blank\">5-year business plan<\/a>, get legislation passed and continue to deliver at the highest standards to improve our financial position,\u201d he says.<\/p>\n<p>Corbett closes the video by thanking employees for their hard work and encouraging them to become familiar with the plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>5\/20\/2013 Significant progress USPS raises revenue and cuts costs In his latest \u201cDollars and \u00a2hange\u201d video, CFO Joe Corbett discusses the good news surrounding the financial headway USPS made during the first six months of 2013. \u201cWe made significant progress in increasing revenues and cutting costs for all the areas where we have the legal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-6149","post","type-post","status-publish","format-standard","hentry","category-breaking","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/6149","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=6149"}],"version-history":[{"count":2,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/6149\/revisions"}],"predecessor-version":[{"id":6152,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/6149\/revisions\/6152"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=6149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=6149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=6149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}