USPS Records Increase in Package Volume, but $5.1B Net Loss

The U.S. Postal Service (USPS) reported that it recorded a 14.1 percent increase in package volume and an 11.1 percent increase in shipping and package revenue for the 2015 fiscal year, but saw a net loss of $5.1 billion. However, this loss looks better than its $5.5 billion loss in 2014.

With the increase in package volume, USPS saw overall revenue increase $1.1 billion to $68.9 billion, but its first-class mail and standard mail volumes decreased by 2.2 percent and 0.3 percent, respectively, this year.