USPS sees fiscal third quarter revenue gain while net losses mount

For the quarter, the USPS reported $17.6 billion in total revenue, which represented an increase of $547 million, or 3.2% annually. Total operating expenses—at $19.8 billion—were up $477 billion, or 2.5%, compared to a year ago, and it reported a net loss of $2.2 billion, which was in line with a $2.3 billion net loss for the same period last year. And its controllable quarterly loss, of $1.5 billion, was steeper than the $1.1 billion loss for the fiscal third quarter in 2019.
Source: logistics Mgmt