USPS Fiscal Q2 net loss tops $2 billion

Revenue, at $17.5 billion, down $8 million annually and essentially flat. Quarterly operating expenses, at $19.6 billion, headed up $751 million, or 4%, annually, and the USPS incurred a net loss of almost $2.1 billion, which represented a $747 million annual uptick, steeper than a $1.3 billion net loss a year ago, while the controllable quarterly loss, at $806 million, was ahead of last year’s $656 million.
Source: logistics Mgmt