While service performance has improved, the financial performance at USPS has not. The Postal Service reports out the monthly numbers unaudited to the PRC traditionally on the 23rd of the following month. At the end of each fiscal quarter, they present the 10-Q about six weeks after quarter end. We will not see the numbers for April-June Q3 until the early part of August at the next open Board of Governors meeting.
The Net Loss YTD is more than $4.7 billion, which is 5% better than SPLY of $5.1 billion, but missed its planned number of $3.1 billion, which is a bit over 50%.
The May Mail volume was down 3.8% from SPLY but exceeded plan by 3.7%. The biggest losses were in the packages, missing plan, and SPLY. The plan was missing by 11.5%.
