PRC Releases Analysis of USPS Finances in FY20
The Postal Regulatory Commission (Commission) released its Financial Analysis, an examination of the U.S. Postal Service’s (USPS) financial results and 10-K Statements for Fiscal Year (FY) 2020. Despite an increase in Competitive products revenue, the Commission’s overall analysis supports the conclusion that the Postal Service is on a highly unstable financial path. Total net operating losses were $3.6 billion in FY 2020, continuing the trend of significant operational losses. When non-operating expenses are included, such as non-cash workers’ compensation costs and accruals to retir...