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Postal Bulletin 22220 >
USPSNEWS@WORK > Fiscal Year 2007 Results
The Postal Service also announced its financial results for Fiscal Year (FY) 2007, which ended Sept. 30. USPS concluded the fiscal year with a $5.1 billion net loss, attributable to mandatory funding requirements in the Postal Act of 2006. The year-end loss is about $300 million less than projected earlier in the year.
Total revenue in FY 2007 was $74.9 billion, and expenses totaled approximately $80 billion. Mail volume was 212 billion pieces. Without the financial impacts of the law, the Postal Service would have ended the year with net income of $1.6 billion.
The Postal Service recorded an eighth consecutive year of productivity growth in FY 2007. Total Factor Productivity, which measures the relationship between workload and resource usage, was up 1.7 percent over FY 2006. Productivity was aided by a reduction of 36 million work hours, which is equivalent to $1.2 billion.
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