USPS reports $1.7 billion fiscal second quarter loss

The United States Postal Service (USPS) reported today that, for the Fiscal Year (FY) 2022 second quarter, it had an adjusted loss of roughly $1.7 billion, slightly above a $1.3 billion loss, for the fiscal first quarter, while coming in flat on an annual basis. USPS said quarterly operating revenue—at around $19.8 billion—was up compared to around $18.8 billion a year ago, with total revenue—at around $19.8 billion up compared to around $18.9 billion a year ago. Total volume was up 2.9%, or 886 million pieces, annually.
Source: logistics Mgmt