U.S. Postal Service Reports Revenue Increase, $5.5 Billion Loss in Fiscal 2014

  • Shipping and Package Services Revenue Up 9.1 Percent
  • January 2014 Price Increase and Shipping and Packages Growth Drives Operating Revenue up $569 Million
  • Persistent Losses Reaffirm Need for Comprehensive Legislative Reform

WASHINGTON — Due to a cyber-security intrusion that the U.S. Postal Service announced on Nov. 10, management and external auditors are currently reviewing significant financial applications to confirm that the incident did not compromise the financial data needed to file the Postal Service’s fiscal 2014 Form 10-K. There is no indication at this time that the data was compromised, but out of an abundance of caution, the Postal Service will delay filing of the 10-K—which it had planned to do  today—until review procedures are complete. The review, which has already begun, is expected to take several more weeks. View the Postal Service’s cyber intrusion statement for more information about the incident.

In the interest of transparency, however, the Postal Service presented unaudited financial results for fiscal 2014 at its open Board of Governors meeting today and will again present the unaudited financial results at a financial briefing call today at 11 a.m.

Read more: usps.com

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