USPS nets $188 million operating surplus in April (excluding PAEA)

The US Postal Service reported a $188 million operating surplus in April, bringing the year to date profit (before the non-cash bookkeeping entries required by the 2006 PAEA law) to $2.1 billion.

Operating revenue increased 2.3% compared with the same period last year (SPLY), while controllable expenses increased by just 0.7%.

Total mail volume was down by 0.7% for the month, led by first class mail, which was down 3.2%. The drop in mail volume and revenue was offset by increases in shipping and package services, so that total volume was just about the same as a year ago, while total revenue was up 2.2%.

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