We appreciate your patience. As a result of the pandemic, and to a lesser extent, secular mail declines, the Postal Service’s volume from mail services, its largest sales category, declined significantly for the full year, as First-Class Mail declined 2.3 billion pieces, or 4.2 percent, and Marketing Mail declined 11.5 billion pieces, or 15.2 percent. UPS annual revenue for 2018 was $71.861B, a 7.92% increase from 2017. Urgent need to advance legislative and regulatory reforms, along with continued aggressive management and innovation. Shipping and packages revenue increased 2.3 percent. Annual operating revenue . First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. These plans are administered by the Office of Personnel Management ("OPM"). 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 … The results marked the 13th consecutive year the mailing agency lost money, although USPS did post a slight uptick in revenue to $71.3 billion. Gear up. Postal Service (USPS) ran a deficit of $3.9 billion. Annual Revenue ( $ ) USPS revenue was $70.66 b in FY, 2018 which is a (1.5%) year over year … $147 million: Money orders revenue reported by USPS for fiscal 2018. Mail volume . "There continues to be great uncertainty over the future impacts of the pandemic on the Postal Service," said Chief Financial Officer Joseph Corbett. As described above, the Postal Service's results for the first half of 2020 continued prior-year trends, however the COVID-19 pandemic resulted in significant shifts in demand affecting all service categories in the second half of the year. Then you will be able to mark statistics as favourites and use personal statistics alerts. However, actual results may differ significantly from current estimates. By the end of the decade, the semi-independent government agency's losses had reached a record $8.5 billion, forcing the Postal Service to consider seeking an increase in its $15 billion debt ceiling or face insolvency. Last year, the U.S. Payments are to be made over a 30-year rolling period based on OPM invoices. 491,017. The U.S. The Postal Service also owes $11 … $69.6 B. 4 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. The final rule from the PRC wraps up a 10-year review of the USPS rate-setting system under the 2006 Postal Accountability and Enhancement … • Revenue. USPS is experiencing unprecedented volume increases and limited employee availability due to the impacts of COVID-19. • Net loss. $70.6 B. This statistic depicts the operating revenue of the United States Postal Service (USPS) between the fiscal years 2000 and 2020, broken down by segment. Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 - September 30, 2017), a decrease of $1.8 billion compared to the prior year. Are you interested in testing our corporate solutions? USPS Posts Annual Loss, Though Revenue Rises Postal service recorded a net loss of $5.1 billion, compared with a loss of $5.5 billion in 2014 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. Total revenue was $19.4 billion, down 1.8 percent from the same period one year earlier. In the most recent quarter, the USPS lost $2.2 billion on $17.6 billion of revenue. and over 1 Mio. United States Postal Service - mail volume 2004-2020. Forward-Looking Statements UPS revenue for the twelve months ending September 30, 2020 was $80.300B, a 9.44% increase year-over-year. In that law, Congress instructed USPS to contribute approximately $5.6 billion per year from 2007 to 2016 and to stretch any additional obligations over the almost 40 years from 2017 to 2056. Unfortunately, losses are the rule rather than the exception for the agency. These risks include, but are not limited to, the effects of COVID-19 on the Postal Service's business, financial condition and results of operations. Postal Service's number of post offices 2015-2020, Sales value of DHL Parcel Iberia Spain 2013-2015, Sales value of DHL Freight Spain SL 2013-2015, Sales value of DHL Express Spain SL 2013-2015, Sales value of DHL Global Forwarding Spain SL 2013-2015, Postal industry market share in Vietnam 2016, Sales value of DHL Exel Supply Chain Spain SL 2013-2015, United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. 1 Expense for the annual payment due by September 30 of the respective year, on the unfunded liability as calculated by OPM. 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. While the Postal Service's results for the first half of 2020 continued prior-year trends, the COVID-19 pandemic resulted in significant shifts in demand affecting all service categories in the second half of the year. Last year, it … Chart. You can only download this statistic as a Premium user. Statista. ", USPS, United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. dollars) Statista, https://www.statista.com/statistics/943318/usps-shipping-packages-revenue-service/ (last visited January 27, 2021), United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service, Courier, Express and Parcels (CEP) market in the United States, Global size of the courier, express and parcel (CEP) market 2009-2019, Couriers and local delivery service providers' global market share 2010-2018, U.S. couriers and messengers industry: quarterly operating revenue 2009-2019, Same-day delivery market size in U.S. 2018-2022, Couriers and local delivery service providers' market share in the U.S. 2019, Number of couriers and messengers in U.S. 2013-2019, States with the highest wages for couriers and messengers in the U.S. 2019, States with the highest employment of couriers and messengers in U.S. 2019, U.S. postal services - total mail volume by market served 2014-2019, U.S. postal services - parcels received by type 2017-2019, U.S. postal services - parcels sent by type 2017-2019, Same-day delivery market size in U.S. by end user 2018-2022, Same-day delivery in the U.S. - share by segment 2018, The same day-delivery market in the U.S. - share by service type 2018, Customer satisfaction index of U.S. consumer shipping companies 2017-2020, U.S. consumer shipping companies - customer experience 2017-2020, Package revenue of FedEx Express 2013-2020, Revenue of the courier, express and parcel (CEP) sector by region 2015-2025, Revenue growth in the courier, express and parcel (CEP) sector by region 2015-2025, Express and small parcels market size in North America 2012-2020, Last mile delivery in North America - market size 2018-2022, U.S. In the fiscal year of 2020, the USPS generated annual revenue of over 73.1 billion U.S. dollars. 508,908. Past and present of USPS The law had a 50-year schedule, and for the first 10 years, USPS was supposed to save $5 billion. Postal Service's postal vehicle inventory by type 2020, U.S. Controllable loss was $3.8 billion, an increase of $334 million compared to the prior year. For the first nine months of its fiscal year, it lost $7.4 billion on $54.8 billion. “We are likewise committed to addressing our significant financial imbalances - which were exacerbated by COVID this year and will cause lasting impacts - through a combination of management actions, and legislative and regulatory reforms.”. Postal Service's total deliveries 2014-2020, U.S. As a Premium user you get access to background information and details about the release of this statistic. 488,300. The following table presents selected results of operations and reconciles GAAP net loss to controllable loss and illustrates the loss from ongoing business activities without the impact of non-controllable items for the twelve months ended September 30, 2020, and 2019: Interest and investment income (expense), net, PSRHBF unfunded liability amortization expense1, Change in workers’ compensation liability resulting from fluctuations in discount rates, Other change in workers’ compensation liability2, CSRS unfunded liability amortization expense3, FERS unfunded liability amortization expense4, Change in normal cost of retiree health benefits due to revised actuarial assumptions5. USPS revenue declined by $1.8 billion to $69.6 billion for the fiscal year 2017, which runs from October 1, 2016 through September 30, 2017. Transportation expenses grew by $630 million, primarily due to increased package volumes and the limited availability of commercial air transportation due to the pandemic, which necessitated shifts to higher-cost modes of transportation. 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). Instead, revenue for the Postal Service has risen more than $500 million in the past nine months, driven by a 20% jump, or $3.4 billion, in sales from shipping packages that … Operating expenses for the year were $82.2 billion, an increase of $2.3 billion, or 2.9 percent, compared to the prior year. Accessed January 27, 2021. https://www.statista.com/statistics/943318/usps-shipping-packages-revenue-service/, USPS. Chart 1. After reaching a peak of around 213 billion units in 2006, the U.S. Register in seconds and access exclusive features. In fiscal 2015, package revenue increased by 11.4 percent over the prior year. March 27, 2019 at midnight. At the Board meeting, the Postal Service reported that operating revenue increased $569 million in fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). Postal Service's total assets 2000-2020, U.S. All this red ink has flowed despite USPS’s aggressive move [1] into the parcel delivery business. Postal Service's delivery points by type 2015-2020, U.S. $67.3 B. After reaching a peak of around 213 billion units in 2006, the U.S. USPS reported its market-dominant products accounted for about 58% of its annual revenue in fiscal 2020. These forward-looking statements, which involve a number of risks and uncertainties, reflect current expectations regarding future events and operating performance as of the date of this report. Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Package volume grew by nearly 1.2 billion pieces, or 18.8 percent, compared to last year due to the surge in e-commerce. Net loss for the year was $9.2 billion, an increase of $363 million compared to 2019. “2020 has been an extraordinary year for the Postal Service and the nation,” said Postmaster General and Chief Executive Officer Louis DeJoy. Share with care. You only have access to basic statistics. 142.6 B. Revenue came to $69.6 billion, down from $71.5 billion last year. The Postal Service provides a vital public service that is a part of the nation's critical infrastructure. In addition to declining volumes, USPS reported a net loss of nearly $2.3 billion; and revenue and volume declined across First-Class Mail (2.7%), Marketing Mail (3.0%), and Periodicals (11.2%) for … Corporate solution including all features. Postal Service's operating revenue by segment 2016-2020, U.S. Mail Volume […] Shipping and Packages revenue increased by $516 million, or 8.7%, on volume growth of 93 million pieces, or 5.4 percent, compared […] The USPS said … This news release references controllable loss, which is not calculated and presented in accordance with accounting principles generally accepted in the United States (GAAP). Dollars). The U.S. Follow us on Twitter, Instagram, Pinterest, and LinkedIn. Profit from additional features by authenticating your Admin account. WASHINGTON - The U.S. 528,458. This statistic is not included in your account. This statistic depicts the operating revenue of the United States Postal Service's (USPS) shipping and packages segment between the fiscal years 2016 and 2020, broken down by service. Learn more about how Statista can support your business. Scanning snapshot. November 13, 2020. UPS annual revenue for 2019 was $74.094B, a 3.11% increase from 2018. Please authenticate by going to "My account" → "Administration". WASHINGTON - The U.S. Aviation mail security & hazardous materials. The Postal Service’s 2018 Fiscal Year financial report shows the Postal Service’s underlying business strength while also indicating the need to address external matters beyond USPS control. The following presents revenue and volume by service category for the year ended September 30, 2020, and 2019: (revenue in $ millions; volume in millions of pieces). Postal Service's operating expenses 2000-2020, U.S. $65.2 B. For more information about the Postal Service, visit usps.com and facts.usps.com. 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 2016 and 2017 figures were taken from a previous edition. The Postal Service has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Please contact us to get started with full access to dossiers, forecasts, studies and international data. As soon as this statistic is updated, you will immediately be notified via e-mail. Operating revenue was $73.1 billion for 2020, an increase of nearly $2.0 billion compared to the prior year, driven by an increase in Shipping and Packages revenue of $5.8 billion, or 25.3 percent. “Drew and Donald served their customers well by noticing that they could get better service from USPS,” said Mary Anderson, small-business engagement director at USPS headquarters in Washington, DC. Financial results in the Form 10-K are available at https://about.usps.com/what/financials/. Operating revenue was $73.1 billion for 2020, an increase of nearly $2.0 billion compared to the prior year, driven by an increase in Shipping and Packages revenue of $5.8 billion, or 25.3 percent. 3 One key reason the Postal Service’s revenue hasn’t kept pace with expenses is that it’s delivering a lot less mail than it used to. The ideal entry-level account for individual users. The U.S. Postal Service lost money in six out of the 10 years from 2001 through 2010, according to its financial reports. "United States Postal Service's shipping and packages revenue from FY 2016 to FY 2020, by service (in million U.S. Please do not hesitate to contact me. $71.1 B. Excluding a one-time adjustment to revenue of $1.3 billion in 2013 resulting from a change in accounting estimate for Forever stamps, 2014 operating revenue would have increased by $1.9 billion. 1 When Congress created the Postal Service to replace the old Post Office Department, it mandated that the new agency support itself through its own revenues, rather than relying on federal appropriations. This equates to an increase of $1.6 billion, or 2.3 percent, over last year (See Selected 2016 Results of Operations table below). Further, while we do believe that our package volumes will remain higher given what looks to be a potential permanent shift in consumer behavior, we do not expect our package revenue growth over the medium-to-long term to make up for our losses in mail service revenue caused by COVID-19.". The timeline depicts the FedEx Corporation's revenue from the fiscal year of 2009 to the fiscal year of 2020. $68.8 B. Number of cars sold in the U.S. 1951-2019, Gas prices in the United States 1990-2020, 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. These adjustments include workers’ compensation expenses caused by actuarial revaluation and discount rate changes, and the amortization of the Postal Service Retiree Health System ("PSRHBF"), the Civil Service Retirement System ("CSRS") and the Federal Employees Retirement System ("FERS") unfunded liabilities. Furthermore, the pandemic significantly increased the Postal Service’s expenses for supplies and services, such as personal protective equipment (PPE), to ensure the safety of its employees and customers. New, Figures and insights about the advertising and media world, Industry Outlook In 2000, the agency delivered 207.9 billion pieces of mail, including everything from postcards to packages. 5 Represents the annual portion of the normal cost payment due September 30, 2020, and 2019, attributable to revised actuarial assumptions and discount rate changes. USPS revenue increased from $69.6 billion in 2017 to $70.7 billion in 2018, a (1.5%) increase. ** Includes Parcel Select, Parcel Return and Marketing Mail Parcels. First-quarter net loss totaled $540 million, compared to net income of $1.4 billion for the same period one year … Despite a solid 1.5 percent rise in revenue compared to last year, USPS reported an operating loss of $1.951 billion. Call him Mr. Lucky. The U.S. Controllable loss is defined as net loss adjusted for items outside of management’s control and non-recurring items. 557,251. USPS set a record Dec. 18, when more than 37 million packages were delivered — the most packages delivered during a single day in the organization’s more-than-240-year history. “Amid the tumult of the COVID-19 pandemic - and with the challenges of the election, disruptions in our workforce, rapid changes in our marketplace, and long-term financial distress - the 644,000 women and men of the Postal Service delivered for the American public.”, “We remain committed to our mission of service in every American community - delivering the medicine, supplies, benefit checks and important correspondence the public depends upon,” said DeJoy. By the end of the decade, the semi-independent government agency's losses had reached a record $8.5 billion, forcing the Postal Service to consider seeking an increase in its $15 billion debt ceiling or face insolvency. The pattern of declining mail and increasing packages continued. 497,157. New, Everything you need to know about the industry development, Find studies from all around the internet. Loss from operations (“controllable” loss) $806 million Revenue of $17.5 billion, essentially unchanged compared to same quarter last year Net loss of $2.1 billion USPS remains focused on aggressive management actions and legislative and regulatory reforms to provide Americans with a financially sustainable Postal Service WASHINGTON – The U.S. Despite a solid 1.5 percent rise in revenue compared to last year, USPS … Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. (November 13, 2020). The US Postal Service saw a 2.9% increase in revenue in the first fiscal quarter of 2019, year-over-year, to $19.7 billion. 503,103. Photos finish. Although package volume growth has recently slowed since its early fourth-quarter peak, the Postal Service believes that consumer behavior has evolved during the pandemic as the nation has increasingly relied on the safety and convenience of e-commerce. $67.8 B. USPS. The total normal cost payment amount, calculated by OPM, is $3.9 billion and $3.8 billion, respectively. Postal Service lost money in six out of the 10 years from 2001 through 2010, according to its financial reports. 491,863. 146.4 B. In 2012, the Postal … Mail volume began to show slight improvement in the last few weeks of the year, although this was driven in part by the temporary surge in political and election mail associated with the recent general election cycle. facts. Report Overview Financial Changes "Given the lasting declines in mail that accompanied the 2007-2009 Great Recession, the Postal Service expects that the COVID-19 crisis may have similar effects on mail volume going forward and that it may never recover to its pre-pandemic levels. Skip Top Navigation 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. As a Premium user you get access to the detailed source references and background information about this statistic. The USPS had a net loss of $1.5 billion for the quarter, however. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Liability as calculated by OPM to amortize the unfunded CSRS retirement obligation USPS is unprecedented... 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