USPS Revenue Up in Third Quarter, Reports $2 Billion Loss
The U.S. Postal Service ended the June 30, 2014, quarter with a net loss of $2.0 billion, compared to a net loss of $740 million for the same period last year. The agency said revenue […]
Tag: USPS financials
Postal Service Pleads for Help from Congress Amid $1.9B Loss
After another quarter with losses in the billions, the U.S. Postal Service is once again urging Congress to enact legislation that would free the agency to adjust its operating schedule and move to five-day weekly […]
Losses Continue as Postal Service Seeks Lifeline from Congress
Even as the U.S. Postal Service reported another sizable quarterly loss, officials highlighted the bright spots of the business – particularly shipping services – and hailed the advance of a bill in the Senate that […]
US Postal Service Reports $5 Billion Loss in FY13
The U.S. Postal Service on Friday released the latest in a series of gloomy financial reports, announcing a loss of $5 billion for the 2013 fiscal year, ending on Sept. 30. That marks the seventh […]