USPS Reports Fiscal First Quarter Revenue Gain But It Is Outweighed By Steep Net Loss

Familiar themes, for both volumes and earnings, remained intact for the United States Postal Service (USPS), based on fiscal first quarter results released today.

Quarterly revenue, at $19.7 billion, saw a 2.9%, or $553 million, annual increase, but the USPS incurred a $1.5 billion net loss, which represents an increase in net loss of nearly $1 billion compared to last year’s fiscal first quarter.

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Jeff Berman