The Board of Governors just released the financials for Quarter 1 of FY 2008 (Oct 1 - Dec. 31)
* Operating revenue of $19.1 billion, a decrease of $1.3 billion, or 6.3 percent, compared to the same period last year.
* Operating expenses of $19.5 billion, a reduction of approximately $200 million, or 1.1 percent, from the first quarter of last year
* Overall mail volume declined 9.3 percent, or 5.2 billion pieces, compared to quarter one of last year, the eighth consecutive quarter of accelerating volume declines.
* First-class Mail volume decreased by 1.8 billion pieces and Standard Mail volume was down 3 billion pieces in the first quarter.
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