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PRC Releases Analysis of Postal Service Finances in FY 2020 Despite an increase in Competitive products revenue, the Commissionâs overall analysis supports the conclusion that the Postal Service is on a highly unstable financial path. April 28, 2021 Login or register now to gain instant access to the rest of this premium content! The Postal Regulatory Commission (Commission) today released its Financial Analysis, an examination of the U.S. Postal Serviceâs (Postal Service) financial results and 10-K Statements for Fiscal Year (FY) 2020. Despite an increase in Competitive products revenue, the Commissionâs overall analysis supports the conclusion that the Postal Service is on a highly unstable financial path. ....
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 retirement accounts, the net operating loss of $3.6 billion becomes a total net loss of $9.2 billion. The net operating losses are predominantly due to persistent declines in Market Dominant mail volume and higher operating expenses. The key areas of concern from FY 2020 are: ....