USPS Reports Q2 Net Loss of $1.5B but 14.4% Gain in Parcel Volume

The U.S. Postal Service reported operating revenue of $16.95 billion for the second quarter ended March 31, up $223 million or 1.3% from $16.72 billion in the same period last year. The net loss was $1.5 billion, down from $1.9 billion in 2014. Excluding mandated prefunding of retiree benefits, the net loss would have been […]