U.S. Postal Service loss hits $1.9 billion; package volume up - Yahoo
The United States Postal Service ended its second quarter with a net loss of $1.9 billion as first-class mail volume continued to tumble and lawmakers remained at odds over providing any financial relief, the agency said on Friday.
The Postal Service's net loss for the fiscal second quarter ended March 31 surpassed the first quarter's loss of $354 million, but it remained flat from the year-ago quarter. It was the 20th of the last 22 quarters that the agency has posted a loss, the USPS said.
The United States Postal Service ended its second quarter with a net loss of $1.9 billion as first-class mail volume continued to tumble and lawmakers remained at odds over providing any financial relief, the agency said on Friday.
The Postal Service's net loss for the fiscal second quarter ended March 31 surpassed the first quarter's loss of $354 million, but it remained flat from the year-ago quarter. It was the 20th of the last 22 quarters that the agency has posted a loss, the USPS said.
