USPS Posts Revenue Increase But Has Net Loss in First Quarter

U.S. Postal Service (USPS) released its numbers for the first quarter of fiscal year 2015, which ended Dec. 31, 2014.

While the busy holiday season helped to bump up its revenue to 4.3 percent, or $800 million, over the same time last year, the organization suffered a net loss of $754 million that it contributed to a $1.4 billion expense that it had to prepay to the Postal Service Retiree Health Benefits Fund.