The basic issue is that revenue is growing more slowly than expenses. In 1653 the annual revenue was farmed for 10,0001., and in 1659 for 14,000/. Amending the law to let the post office raise prices at the CPI plus 1 percent could bring in an additional $700 million in revenue per year. Postal Inspectorâ¢, U.S. * As of September 30, 2019 Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Postal Serviceâthe second $1 billion profitable year in succession, yet misinformation about it abounds, the author writes. Register in seconds and access exclusive features. You only have access to basic statistics. It’s what we do. Then you can access your favorite statistics via the star in the header. Although mail revenue at the SA Post Office has seen a year-on-year decline of 6 percent, the organisation is confident that it will make a turnaround soon. Please authenticate by going to "My account" → "Administration". The ideal entry-level account for individual users. Postal Service reported operating revenue of $70.6 billion for fiscal year 2018 (October 1, 2017 - September 30, 2018), an increase of $1.0 billion compared to the prior year. Advertise at Post Office. Statista. The higher revenues were driven largely by continued growth in the Shipping and Packages business, where revenue increased $2.0 billion, or 10.1 percent, which more than offset revenue ⦠You need at least a Single Account to use this feature. and over 1 Mio. Economics Post Office Profit and Loss Capitalism. This is our mandate — binding the nation together. This is our commitment — providing secure, reliable, affordable delivery of mail and packages. ***Includes Priority Mail, Priority Mail Express, First-Class Packages, Package Services, Parcel Return Service and Parcel Select. ... although USPS did post a slight uptick in revenue to $71.3 billion. We have designed a simple excel based Post Office RD calculator where you can input the monthly instalment & interest rate and it will calculate the interest earned and maturity value. Always have, always will. $67.3 B. Faced with declining revenue, the Postal Service is asking Congress to allow it to close more than 3,700 post offices and 250 processing centers, and to eliminate Saturday delivery of mail. Visit about.usps.com for more information. This statistic is not included in your account. ... from the steep decline in revenue we will suffer this year and in the coming years. Learn more about how Statista can support your business. $70.6 B. A paid subscription is required for full access. September 3, 2019. A common thread weaves through our 255-year history, which began with regular weekly delivery in 1763. New, Figures and insights about the advertising and media world, Industry Outlook 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011; Annual operating revenue . Revenue.âThe statistics of the Post office revenue are far from complete. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Spreadsheets A post office that loses a few billion dollars a year is affordable for a country with a GDP of $20 trillion. $65.2 B. Showcase your brand at Post Offices! Career employees* We make the connections. By Elvina Nawaguna. Intelligent Cloud revenue increased, primarily due to higher revenue from server products and cloud services. © 2016-2021 United States Postal Service. Find out more about our placements and rates! The quarterly net loss shrank to $2.2 billion from $2.3 billion in the same quarter last year. All figures are for one fiscal year. There are 678 land-based and 389 onboard-ship Military Post Offices. In subsequent years, the postal system expanded from six roads to a network covering the country, and post offices were set up in both large and small towns, each of which had its own postmark. A January 2014 report by the inspector general of the USPS suggested that the agency could earn $8.9 billion per year in revenue by providing financial services, especially in areas where there are no local banks but there is a local post office, and to customers who currently do not have bank accounts. The past fiscal year yielded a $1.2 billion operating profit for the U.S. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Forest Stewardship Council®, McDonaldâs®, National Dog Bite Prevention Week®, Starbucks®, Sustainable Forestry Initiative®, Walmart®. To download the Historical Tables as a PDF, click here (362 pages, 6.4 MB). Discover More. "Revenue of Post Office Ltd in 2018 and 2019, by business segment (in million GBP)." The Eagle Logo, the trade dress of USPS packaging, the Letter Carrier Uniform and the Postal Truck and the following marks are among the many trademarks owned by the United States Postal Service: Click-N-Ship®, Deliver The Win®, EDDM®, ePostage®, Every Door Direct Mail®, Express Mail®, First-Classâ¢, First-Class Mail®, Forever®, Global Express Guaranteed®, IMb®, Informed Delivery®, Intelligent Mail®, Parcel Select®, P.O. Hit its finances of each year rose to $ 2.2 billion from $ billion... 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