USPS Releases August Financials

'Year-to-date, Total Revenue is $1.4 billion or 2.2% over plan with the largest contributor being Permit Revenue at $1.6 billion or 5.9% more than plan. ... YTD, Total Revenue is $1.0 billion over SPLY.'

'Year-to-date, personnel costs are $54 million or 0.1% above plan and non-personnel expenses are $135 million or 1.0% below plan. ... YTD Total Expenses are $2.4 billion or 4.0% above SPLY.'

'Total Mail Volume for August, FY 2005 was 999 million pieces or 5.9% above SPLY. First-Class Mail volume increased by 256 million pieces or 3.3%. Standard Mail volumes, at 627 million pieces or 7.8% over SPLY, continue to be positive primarily because of the increasing strength of direct marketing channels.'

'Year-to-date, Total Mail Volume is 2.9% or 5.5 billion pieces over SPLY. Over 2.4 billion of the 5.5 billion pieces increase occurred in November 2004. The most significant mail volume increase over SPLY for YTD is in the lower revenue-per-piece Standard Mail category, which increased 5.1 billion pieces or 5.9%. YTD, First-Class Mail volume is 0.2% more than SPLY generating $318 million or 0.9% less revenue than SPLY.'

'Total Workhours for August 2005 YTD are 15.7 million hours or 1.2% above plan, and 10.8 million hours above SPLY. The most significant plan overruns lie in Delivery Services by 8.4 million hours, Mail Processing by 6.8 million hours, and Customer Services by 3.2 million hours. These overruns in workhours are a reflection of growth in mail volume above plan and continued growth in delivery points. YTD, major contributors to the workhours growth to SPLY are City Delivery and Rural Delivery workhours. Combined these operations workhours are 13.5 million hours above SPLY.'
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