{"id":8199,"date":"2014-08-11T16:58:27","date_gmt":"2014-08-11T21:58:27","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=8199"},"modified":"2014-08-11T16:58:27","modified_gmt":"2014-08-11T21:58:27","slug":"apwu-usps-is-making-money-from-operations","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2014\/08\/11\/apwu-usps-is-making-money-from-operations\/","title":{"rendered":"APWU: USPS Is Making Money From Operations"},"content":{"rendered":"<div class=\"field field-name-field-article-kicker field-type-text field-label-hidden field-wrapper\" style=\"margin: 0px; padding: 0px; direction: ltr; box-sizing: border-box;\">The Postal Service\u2019s Best-Kept Secret:<\/div>\n<hgroup style=\"font: 16px\/26px Roboto, sans-serif; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; box-sizing: border-box; background-color: #f7f7f7; -webkit-text-stroke-width: 0px;\">\n<h2 class=\"kicker\" style=\"margin: 0.2em 0px 0.5em; padding: 0px; color: #333333; line-height: 1.4; font-family: Lora, serif; font-size: 1.25em; font-style: normal; font-weight: bold; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">It\u2019s Making Money from Operations<\/h2>\n<\/hgroup>\n<div class=\"content\" style=\"font: 16px\/26px Roboto, sans-serif; margin: 0px; padding: 0px; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; direction: ltr; box-sizing: border-box; background-color: #f7f7f7; -webkit-text-stroke-width: 0px;\">\n<div class=\"field field-name-field-wna-number field-type-text field-label-inline clearfix field-wrapper\" style=\"margin: 0px; padding: 0px; direction: ltr; box-sizing: border-box;\"><span class=\"news-date-inline\" style=\"box-sizing: border-box;\"><span class=\"date-display-single\" style=\"box-sizing: border-box;\">08\/11\/2014<\/span><span class=\"Apple-converted-space\">\u00a0<\/span>&#8211;<span class=\"Apple-converted-space\">\u00a0<\/span><\/span>USPS management is doing its best to keep the good news quiet, but facts are facts.<\/div>\n<p class=\"body field\" style=\"margin: 0px 0px 1.25em; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">According to reports released by the USPS on Aug. 11, as of June 30, three-quarters of the way through Fiscal Year 2014:<\/p>\n<ul>\n<li>\n<div class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">Operating income was up by about $1 billion over the previous year;<\/div>\n<\/li>\n<li>\n<div class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">Revenue increased 2.1 percent due to a postage rate hike;<\/div>\n<\/li>\n<li>\n<div class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">Package volume continued to grow, and<\/div>\n<\/li>\n<li>\n<div class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">The decline in first-class mail volume was less than management predicted and first-class revenue was unchanged.<\/div>\n<\/li>\n<\/ul>\n<p style=\"margin: 0px 0px 1.25em; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">\u201cDespite the good news, Postmaster General Donahoe continues to paint a <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>desperate picture of postal finances to justify his push to privatize the U.S. Postal Service,\u201d said APWU President Mark Dimondstein. \u201cBut USPS financial reports show the Postal Service is rebounding from the economic collapse of 2008 and can thrive as a public institution \u2013 if it is allowed to do so.\u201d<\/p>\n<p class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">A net loss of $4.2 billion for the first nine months of the year reported by the Postal Service is the result of a unique legislative pre-funding requirement the USPS will not actually pay.<\/p>\n<p class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0px currentColor; height: auto; float: right; display: inline-block; max-width: 100%; box-sizing: border-box;\" src=\"http:\/\/www.apwu.org\/sites\/apwu\/files\/news-images\/dforagraphic.jpg\" alt=\"\" width=\"480\" height=\"480\" \/><\/p>\n<p class=\"last\" style=\"margin: 0px; padding: 0px; line-height: 1.62em; font-family: inherit; font-size: 0.87em; font-weight: 400; direction: ltr; box-sizing: border-box; text-rendering: optimizelegibility;\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Postal Service\u2019s Best-Kept Secret: It\u2019s Making Money from Operations 08\/11\/2014\u00a0&#8211;\u00a0USPS management is doing its best to keep the good news quiet, but facts are facts. According to reports released by the USPS on Aug. 11, as of June 30, three-quarters of the way through Fiscal Year 2014: Operating income was up by about $1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-8199","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\/8199","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=8199"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/8199\/revisions"}],"predecessor-version":[{"id":8200,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/8199\/revisions\/8200"}],"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=8199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=8199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=8199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}