The Results Are In

USPS financial results are in for fiscal year 2013. Here’s a brief look at the highlights from the report as well as an income and expense comparison to the same period last year:

 FY 2013 highlights

a) Includes interest and investment income.

b) Includes additional 2011 accrued payment of $5.5 billion for prefunding Postal Service Retiree Health Benefit Fund.

Financial Highlights

  • Shipping and packages revenue increased $923 million, or 8.0 percent, on a volume increase of 210 million pieces, or 6.0 percent, compared to the same period last year. Higher consumer spending, higher e-commerce retail sales and increased marketing efforts drove much of the growth in shipping and packages revenue and volume during 2013.
  • Even with the acceleration in shipping and packages revenue, First-Class Mail and Standard Mail continue to represent 67 percent of total USPS revenue.
  • Total Factor Productivity (TFP) increased 1.9 percent in 2013 compared to 2012. Since 1972, TFP has increased by 24.4 percent, demonstrating a continued, overall improvement in productivity over time.
  • Work hours in 2013 decreased by 12 million, or 1.1 percent, despite an increase of approximately 774,000 delivery points during 2013.

To view the 10-k financial report in its entirety, go to: http://about.usps.com/who-we-are/financials/.

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