USPS reports second-quarter financial results

  USPS reports second-quarter financial results

"...Net loss for the quarter totaled $3.3 billion, compared with a net loss of $1.5 billion for the same quarter one year ago. Results for the quarter were affected by unfavorable noncash workers’ compensation adjustments of $1.2 billion, due to actuarial revaluation and discount rate change factors that are not controllable by the Postal Service; increased compensation and benefits expense of $449 million; and higher other operating expenses of $124 million, partially offset by lower transportation expenses of $116 million. “As we mark 250 years of service to the nation, our organization continues to face economic headwinds. We are working diligently to control costs..."

Reference: usps.com