Postal Service Doubles Annual Losses To $8.8 Billion

The U.S. Postal Service lost $8.8 billion in fiscal 2019, more than doubling its losses from the previous year.

The results marked the 13th consecutive year the mailing agency lost money, although USPS did post a slight uptick in revenue to $71.3 billion. A precipitous decrease in mail usage continued to wreak havoc on the Postal Service’s finances, with overall volume dropping by 3.8 billion pieces.

Read the full article here.