Top postalnews.com stories of the week February 3-9

  1. Bakersfield man can’t get mail as mailbox deemed too far from curb 
  2. Post Offices Confiscate Record Number Of Marijuana Packages 
  3. U.S. Postal Service Reports First Quarter Fiscal 2019 Results 
  4. Motiv Power Systems Delivers First of Seven All-Electric Step Vans to the US Postal Service 
  5. ‘This Post Office Sucks’: Neighbors Fed Up With South Side Chicago PO 
  6. New Orleans postal worker admits stealing postal funds, using the cash to play slot machines 
  7. Bronx postal customers frustrated; USPS pleads ‘inadequate postal access’ 
  8. Postal Worker And Massachusetts Man Charged With Importing And Distributing Synthetic Cannabinoids 
  9. Albuquerque post office burglarized twice in two weeks 
  10. Airline supervisor sentenced for stealing computers being mailed to Alaska schools 

U.S. Postal Service Reports First Quarter Fiscal 2019 Results

  • Revenue of $19.7 billion, up 2.9 percent over the same quarter last year
  • Net loss of $1.5 billion
  • Return to financial stability requires legislative and regulatory changes, along with aggressive management actions

WASHINGTON — The U.S. Postal Service reported total revenue of $19.7 billion for the first quarter of fiscal 2019 (October 1, 2018 – December 31, 2018), an increase of $553 million, or 2.9 percent, compared to the same quarter last year. Continue reading