U.S. Postal Service Reports $1.9 Billion Loss for Quarter

The United States Postal Service reported it's second quarterly loss for the year on Friday, saying in a statement that the agency lost $1.9 billion in the second quarter of 2013. The USPS posted a $1.3 billion loss for the first quarter this year.

While that combined $3.2 billion loss over six months is high, it is an improvement for the long-suffering service—the USPS lost that same amount, $3.2 billion, in one quarter last year. Full year losses in 2012 reached a record $15.9 billion.