USPS  Results Are In for fiscal year - 2013

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:

Dollars in million	FY 2013 in $	FY 2012 in $
Revenue :
First-  class mail	28152	28856
Standard Mail	16915	16428
Shipping & packages	12515	11592
International	3015	2816
Periodicals	1658	1731
Other	3747	3800
TOTAL INCOME	67342	65248
TOTAL EXPENSES	72319	81154
Net Loss	4977	15906

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/.