The full report is available at the USPS Financials web page. Notes from the report are below:

April 2006 - FY 2006
Information: For the month, there was one less delivery day and one less business weekday as compared to same period last year (SPLY). Easter occurred on April 16th of this year versus March 27th of last year. Year-to-date (YTD), there was one less delivery day and two less business days compared to last year.

Analysis of the Financial and Operating Statements

Revenue - Pages 1, 2, 3, 4, 5 and 6
For April, Total Revenue was $58 million or 1.0% over plan, and $115 million or 2.0% over same period last year (SPLY). Commercial Revenue was over plan by $31 million
or 0.7% and Retail Revenue was over plan $38 million or 2.8%. In April, combined Total Commercial Revenue and Retail Revenue were $120 million more than SPLY. Most
of the increase in revenue to SPLY for March was reflected in Presort First and Package Services/Permit Imprint and Permit Imprint. Combined these revenue sources were $153 million more than SPLY.

Year-to-date, Total Revenue is $346 million or 0.8% over plan with the largest contributor being Retail Revenue at $498 million or 4.8% more than plan. YTD, Total Revenue
is $1.2 billion over SPLY. Primary contributors to the increase over SPLY were Permit Revenue at $1.0 billion more and Other Retail Channels Revenue at $528 million more
than last year.

Expenses - Pages 1, 2, 4, 7, 8 and 9
For April, Total Expenses were $2 million above plan. Personnel costs were $17 million or 0.4% above plan and non-personnel costs were below plan by $14 million or 1.2%. Compared to SPLY, this month’s Total Expenses were increased by $72 million or 1.3%. Factors contributing to this increase over SPLY, included transportation costs, an
increase in deliveries, increased fuel prices, health benefits and COLA costs.

Year-to-date, Total Expenses were $160 million or 0.4% above plan. Personnel costs are $316 million or 1.0% above plan, while non-personnel expenses are $156 million or
1.7% below plan. The largest contributors to the non-personnel plan underrun are Supplies and Services at $83 million or 5.7% below plan and Information Technology at
$76 million or 27.5% below plan. YTD Total Expenses are $1.5 billion or 3.8% above SPLY.

Mail Volume and Revenue - Page 3
Total Mail Volume for April, FY 2006 was 338 million pieces or 1.9% below SPLY. All of the major mail categories posted below SPLY volumes for the month.

Standard Mail and First-Class Mail volumes combined were 394 million under their April 2005 levels.

Year-to-date, Total Mail Volume is 0.1% or 82 million pieces under SPLY. The most significant mail volume increase over SPLY for YTD is in the lower revenue-perpiece
Standard Mail category, which increased 578 million pieces or 1.0%. YTD, First-Class Mail volume is 1.4% less than SPLY generating $170 million more revenue than SPLY.

Capital Investments - Pages 1 and 13
The Fiscal Year 2006 Capital Commitments YTD through April 2006 are $512 million compared to a plan of $586 million. This represents a plan underrun of about
$74 million or 12.7%.

The Cash Outlays YTD are $1,292 million versus a plan of $1,237 million, representing a $55 million overrun to plan.

Workhours - Pages 1, 14 and 15
Total Workhours for April 2006 were 0.1 million hours or 0.1% above plan, and 5.3 million hours or 4.3% below April 2005. Together, City Delivery and Rural Delivery decreased 2.2 million hours over SPLY.

Total Workhours for April 2006 YTD are 11.5 million hours or 1.4% above plan and 6.3 million hours or 0.7% below SPLY. The most significant plan overruns lie in Mail Processing by 7.0 million hours, Delivery Services by 3.4 million hours, and Customer Services by 3.2 million hours. YTD, major contributors to the workhours decrease to SPLY are City Delivery and Mail Processing workhours. Combined these operations workhours are 5.4 million hours below SPLY.

http://www.usps.com/financials/_pdf/FY2006April.pdf