Federal Manager's Daily Report

The Postal Service ended the 2013 fiscal year with a net loss of $5 billion (the seventh year in a row it lost money) but said it continues to grow its package services business and increased revenue there by $923 million, or 8 percent, on a volume increase of 210 million pieces over 2012.

Shipping and package services grew to $12.5 billion, representing about 19 percent of revenues, while standard mail revenue grew by $487 million, or 3 percent, on a volume increase of 1.8 percent, according to USPS.

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The Postal Service continues to move forward with consolidating its distribution network and reduce its workforce in response to ongoing declines in mail volume. Savings from plant consolidations, restructuring hours at post offices, reductions in delivery units, and workforce optimization resulted in about $1 billion of savings in 2013, far short of what’s needed to keep the organization from losing money every year.