Presort.com--The US Postal Service ended the first month of fiscal year 2011 with a profit according to an unaudited financial statement filed with the Postal Regulatory Commission yesterday. The statement shows a net profit of $283 million on revenue of just over $6 billion. Overall mail volume was up 5% compared with October 2009, but all of the growth came from standard mail, which brings in about half the revenue per piece as first class mail. The shift from first class to standard appears to be accelerating- the USPS handled over 9 billion pieces of standard mail in October, compared with just 6.5 billion pieces of first class. That's reflects a 15.6% increase in standard, and a 6.2% decline in first class.
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