Postal Service Doubles Annual Losses To $8.8 BillionNovember 14, 2019
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.
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