U.S. Postal Service Records Second Quarter Loss of $1.9 Billion

Urges Congress to Pass Comprehensive Postal Legislation

  • First-Class Mail Volume Declines by 4.1 percent
  • Approximately $64 Billion in Liabilities Exceed Assets by $42 Billion
  • Eight Percent Growth in Shipping and Package Services Drives Revenue Increase of $379 Million

WASHINGTON — The U.S. Postal Service ended the second quarter of its 2014 fiscal year (Jan. 1, 2014 – March 31, 2014) with a net loss of $1.9 billion. This marks the 20th of the last 22 quarters it has sustained a loss. Read more.

Via USPS