By American Postal Workers Union

– The Postal Service earned an operating profit of $1.3 billion in the first quarter of Fiscal Year 2016, compared to $1.1 billion the same time last year, according to financial results released Feb. 9.

This marks back-to-back years that the USPS enjoyed an operating profit exceeding $1 billion – without using a cent of taxpayer support.
Shipping and packaging volume increased by 16.2 percent, compared to the same time last year.

“These results demonstrate that it is time to expand – not cut – the services we provide to the American people,” said APWU President Mark Dimondstein.

“Dedicated postal workers led the Postal Service to an impressive holiday season, which strengthened the financial outlook,” he said.
“For the USPS to continue to improve, Congress must pass postal reform legislation that eliminates the pre-funding hoax, which chokes the Postal Service financially.”

Vince Tarducci, President
Local 7048

Source – http://about.usps.com/news/national-releases/2016/pr16_006.htm