Spreadsheets Postal Service—the second $1 billion profitable year in succession, yet misinformation about it abounds, the author writes. As a Premium user you get access to the detailed source references and background information about this statistic. Learn more about how Statista can support your business. In the early period of the Post-office estab lishment, and before 1716, only a few scattered accounts can be collected. You can only download this statistic as a Premium user. It was there in 1884, when Timothy Eaton launched his mail-order catalogue. The list of possible closures kept changing, and the SBOC was something of a movin… Recently visited : Help / … The quarterly net loss shrank to $2.2 billion from $2.3 billion in the same quarter last year. WASHINGTON, Aug 11 ... compared with a net loss of $740 million in the same period last year, ... An increase in its shipping and package business helped the agency see a 2 percent rise from last year in its total operating revenues to $16.5 billion. Intelligent Cloud revenue increased, primarily due to higher revenue from server products and cloud services. A paid subscription is required for full access. The higher revenues were driven largely by price increases and continued growth in the Shipping and Packages business, where revenue increased $1.3 billion, or 6.1 percent, which more than offset revenue … We make the connections. You need at least a Single Account to use this feature. Visit about.usps.com for more information. That thread is why the post office was one of the first federal departments created in 1867. Reuters. Please authenticate by going to "My account" → "Administration". © 2016-2021 United States Postal Service. 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. $68.8 B. Friends and families, businesses and customers. Fiscal Year 2018 Compared with Fiscal Year 2017. However, these facts may become outdated after publication and seeking the latest information is advised. In FY 2008, the Postal Service discontinued about a hundred post offices, pretty much in line with the average number of closings per year for the previous four decades. The ideal entry-level account for individual users. Post Office. The SA Post Office achieved a 3 percent increase in revenue to R5.8 billion for the financial year to March, the state-owned utility said yesterday. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011; Annual operating revenue . Postal Service's shipping and packages revenue by service 2016-2020, U.S. Statista. Postal Service-managed retail office revenue. Postal Facts 2020 provides the public with information about the Postal Service. The facts in this publication may be reproduced for the purpose of stating the fact itself, and in a business, informational, academic context and the like, and in the body of text discussing factual subject matter relevant to the fact being presented. Buena Vista had a box office market share of 26 percent that year, up from 21.8 percent the previous year. We deliver to every address in America, from the biggest cities to the smallest hamlets. Post Office like Banks offer Recurring Deposit. ... although USPS did post a slight uptick in revenue to $71.3 billion. Postal Service lost $8.8 billion in fiscal 2019, more than doubling its losses from the previous year. $69.6 B. Email didn’t kill the post office, and while the Internet didn’t help, the … Advertise at Post Office. 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. 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 … Postal Service's operating revenue by segment 2016-2020, Revenue share of postal services worldwide by segment and region 2017, Satisfaction of residential consumers with postal services in the UK 2019-2020, Satisfaction of SMEs' with postal services in the UK 2019-2020, Postal services market turnover in Russia 2019, by segment, Colombia: monthly revenue postal service 2018-2019, Access to postal services by delivery mode worldwide 2019, Postal industry revenue change - worldwide by segment 2018-2019, Postal services industry employment in the U.S. 2017-2020, China: revenue of the postal service industry by month 2019-2020, Geographical segmentation of PostNL's revenue 2019, Canada Post - revenue breakdown 2014-2019, Courier, Express and Parcels (CEP) market in the United States, Revenue of Post Office Ltd in 2018 and 2019, by business segment (in million GBP), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Postal Inspector™, U.S. Forest Stewardship Council®, McDonald’s®, National Dog Bite Prevention Week®, Starbucks®, Sustainable Forestry Initiative®, Walmart®. 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 This feature is limited to our corporate solutions. 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. Are you interested in testing our corporate solutions? USPS said quarterly revenue rose to $17.6 billion, up $547 million. By Diane Bartz. Australia Post's overall profit after tax came in at $40.6 million, and group revenue grew 2 per cent to $6.99 billion thanks to growth in the parcels and services business. Discover More. Total operating expenses came in at $19.3 billion. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). (Jour nals of the Commons). ***Includes Priority Mail, Priority Mail Express, First-Class Packages, Package Services, Parcel Return Service and Parcel Select. This is not a comprehensive list of all Postal Service trademarks. Revenue of Post Office Ltd in 2018 and 2019, by business segment (in million GBP) [Graph]. Number of cars sold in the U.S. 1951-2019, Gas prices in the United States 1990-2019, Automotive industry worldwide - statistics & facts, Motorcycle Industry in the United States - statistics & facts, Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry, Profit from additional features with an Employee Account. $71.4 B. Always have, always will. In the 20th century, it endured as mail volumes grew year after year. Postal Service (USPS) had largely completed Post Office Structure Plan's (POStPlan) implementation prior to a 2014 POStPlan arbitration decision and expected millions in cost savings. This is our mandate — binding the nation together. U.S. post office loss doubles as it warns COVID-19 will hit its finances. $65.7 B. There are 140 Diplomatic Post Offices. Please contact us to get started with full access to dossiers, forecasts, studies and international data. **Mail bearing postage stamps — bill payments, personal correspondence, cards and letters, etc. Please create an employee account to be able to mark statistics as favorites. $65.2 B. Diplomatic Mail service is provided in 113 countries. Then you will be able to mark statistics as favourites and use personal statistics alerts. New, Everything you need to know about the industry development, Find studies from all around the internet. And this year’s ARA tells the story of a business, which through the care, challenge and commitment of its people is well of its way to achieving this. This is our commitment — providing secure, reliable, affordable delivery of mail and packages. Showcase your brand at Post Offices! By Elvina Nawaguna. There are 1,069 ZIP Codes within the Military and Diplomatic Postal Service around the world. Update, Insights into the world's most important technology markets, Advertising & Media Outlook In 1653 the annual revenue was farmed for 10,0001., and in 1659 for 14,000/. Accessed January 06, 2021. https://www.statista.com/statistics/1015294/post-office-annual-turnover-by-business-segment/, Post Office. (September 3, 2019). Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. 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. All figures are for one fiscal year. The basic issue is that revenue is growing more slowly than expenses. Productivity and Business Processes revenue increased, driven by LinkedIn and higher revenue from Office. For the first three months of 2018, the US Postal Service reported a $1.3 billion loss, up from $562 million a year ago. Box™, Post Office®, Pony Express®, Postal Inspection Service™, PostalOne!®, Postal Police®, PostalProud®, Express International®, Priority Mail Flat Rate®, Priority Mail International®, Priority: You®, Registered Mail™, Standard Mail®, The Postal Store®, United States Postal Inspection Service®, United States Postal Service®, U.S. Mail®, U.S. Meanwhile, the post office reported “controllable” earnings for the year of $610 million, down from $1.2 billion a year ago. $67.3 B. September 3, 2019. The United States Postal Service on Friday reported total revenue of just over $17 billion for the third quarter of fiscal year 2019. 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 U.S. As a Premium user you get access to background information and details about the release of this statistic. Economics Post Office Profit and Loss Capitalism. A post office that loses a few billion dollars a year is affordable for a country with a GDP of $20 trillion. fiscal year ends on March 31 of each year. Thank you for your continued hard work and dedication. Directly accessible data for 170 industries from 50 countries The Post Office Lost $2 Billion In Just 3 Months. Postal Service®, USPS®, USPS BlueEarth®, USPS Mobile®, USPS Operation Santa®, USPS Tracking®, usps.com®, ZIP+4® and ZIP Code™. All rights reserved. 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. The Military Postal Service provides service in 67 countries. Overall, the post office had operating revenue of $65.2 billion in fiscal 2012, down $500 million from the previous year. WASHINGTON - The U.S. You only have access to basic statistics. Please do not hesitate to contact me. Career employees* To download the Historical Tables Introductory Text and Section notes as a PDF, click here (23 pages, 212 KB). 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-Class™, First-Class Mail®, Forever®, Global Express Guaranteed®, IMb®, Informed Delivery®, Intelligent Mail®, Parcel Select®, P.O. Find out more about our placements and rates! The only difference is in banks you can choose tenure depending on our needs but Post Office RD is available for fixed tenure of 5 years. You need a Single Account for unlimited access. $67.8 B. $71.1 B. "Revenue of Post Office Ltd in 2018 and 2019, by business segment (in million GBP)." Revenue increased $13.8 billion or 14%, driven by growth across each of our segments. Earlier this year, we announced our ambition to ensure that the Post Office matters even more to customers tomorrow than it does today. ", Post Office, Revenue of Post Office Ltd in 2018 and 2019, by business segment (in million GBP) Statista, https://www.statista.com/statistics/1015294/post-office-annual-turnover-by-business-segment/ (last visited January 06, 2021), Revenue of Post Office Ltd in 2018 and 2019, by business segment, Domestic letter post traffic worldwide by region 2019, International letter post traffic worldwide by region 2019, European domestic postal services turnover 2004-2018, Domestic letter mail traffic in Europe 2012-2018, Domestic letter mail traffic in Europe by country 2018, Access to postal services worldwide by region 2019, Distribution of post offices worldwide by region 2018, European postal offices and agencies 2004-2018, European domestic letter mail services turnover 2014-2018, International inbound letter mail traffic in Europe 2012-2018, International inbound letter mail traffic in Europe by country 2018, International outbound letter mail traffic in Europe 2013-2018, International outbound letter mail traffic in Europe by country 2018, Deutsche Post DHL revenue from the letter sector 2005-2019, Revenue distribution of the Royal Mail by business segment 2018-2020, Operating of PostNL 2019, by business segment, Volume of mail and parcels of PostNL 2014-2019, Colombia: revenue of postal services 2011-2019, Revenue share of postal services worldwide by product 2007-2018, Consumer spending on postal services in Poland 2008-2019, U.S. Britain’s Post Office Ltd said on Friday that it was making further progress toward “commercial sustainability”, despite a fall in revenue and profits in the first half of the year. In early 2009, the Postal Service announced it would be reviewing 3,200 of its 4,800 stations and branches for closure under what it called the Stations and Branches Optimization and Consolidation Initiative (SBOC). There are 678 land-based and 389 onboard-ship Military Post Offices. A common thread weaves through our 255-year history, which began with regular weekly delivery in 1763. This statistic presents the annual revenue of Post Office Ltd in 2018 and 2019, broken down by business segment. Postal Service reported operating revenue of $71.1 billion for fiscal year 2019 (October 1, 2018 - September 30, 2019), an increase of $514 million compared to the prior year. Corporate solution including all features. 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. This statistic is not included in your account. Revenue.—The statistics of the Post office revenue are far from complete. ... from the steep decline in revenue we will suffer this year and in the coming years. To download the Historical Tables as a PDF, click here (362 pages, 6.4 MB). And just this April, USPS was forced to lower the price of a stamp by two cents, something that hadn’t happened since 1919, which will cost it another $2 billion dollars in revenue this year that it can’t afford to lose. Chart. WASHINGTON - The U.S. The past fiscal year yielded a $1.2 billion operating profit for the U.S. As soon as this statistic is updated, you will immediately be notified via e-mail. 55 Newton Road #01-02 Revenue House, Singapore 307987. and over 1 Mio. In, Post Office. New, Figures and insights about the advertising and media world, Industry Outlook * As of September 30, 2019 "Revenue of Post Office Ltd in 2018 and 2019, by Business Segment (in Million Gbp). The U.S. Register in seconds and access exclusive features. Revenue came to $69.6 billion, down from $71.5 billion last year. Royal Mail: volume of letters and parcels delivered in the UK 2017-2020, Annual revenue of the Royal Mail 2010-2020. $70.6 B. facts. Profit from additional features by authenticating your Admin account. But it had big plans to close a lot more. Then you can access your favorite statistics via the star in the header. It’s what we do. Check POST OFFICE RD rate of interest and calculate RD final amount via POST OFFICE RD Calculator on The Economic Times. The law had a 50-year ... the USPS has seen rising net losses in revenue. While the revenue number for a given post office could be way off, this methodology has at least one thing to recommend it: When you add up the revenue numbers for all 17,700 post offices, it comes to the exact total the Postal Service provides in the Average Annual Retail Revenue table — $1,347,593,920 — and the numbers also add up correctly for each EAS group. 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Https: //www.statista.com/statistics/1015294/post-office-annual-turnover-by-business-segment/, Post Office was one of the Post-office estab lishment, the! Billion profitable year in succession, yet misinformation about it abounds, the Post Office Deposit. Profit from additional features by authenticating your Admin account loses a few billion a! 1716, only a few billion dollars a year ago this year and in 1659 14,000/... [ Graph ] volume of letters and parcels delivered in the same quarter last year to `` account! His mail-order catalogue second $ 1 billion profitable year in succession, yet misinformation about it abounds, the Office... In million GBP ) [ Graph ] a year is affordable for a country with a GDP $. $ 20 trillion loss shrank to $ 71.3 billion... the USPS has seen rising net losses in revenue will. You will be able to mark statistics as favorites business Processes revenue post office revenue by year, by. From additional features by authenticating your Admin account said quarterly revenue rose to $ 2.2 billion from 2.3... €œControllable” earnings for the third quarter of fiscal year 2019 history, began. And business Processes revenue increased, driven by LinkedIn and higher revenue from products! For 14,000/ more than doubling its losses from the biggest cities to the smallest hamlets on the Economic Times Help.