USPS Reports $1.5 Billion Loss

Mail volume for the U.S. Postal Service (USPS) continued to decrease in the second quarter, contributing to the agency's $1.5 billion net loss.

The quarter that ended March 31 saw a $223 million (1.3 percent) increase in operating revenue over the same time last year that was driven by a 14.4 percent growth in shipping and packaging. However, First-class and standard mail declined by 2.1 and 1.1 percent, respectively.