Postal Service facing 'economic headwinds,' reports $3.3B loss

US Postal Service reports $3.3 billion quarterly net loss

WASHINGTON (Reuters) -The U.S. Postal Service on Friday reported a net loss of $3.3 billion for the three months ending March 31 as the money-losing agency continues to hike stamp

US Postal Service reports $3.3 billion quarterly net loss

The U.S. Postal Service on Friday reported a net loss of $3.3 billion for the three months ending March 31 as the money-losing agency continues to hike stamp prices and look at ways to cut costs.

Postal Service facing 'economic headwinds,' reports $3.3B loss

The U.S. Postal Service, plagued by "economic headwinds," reported a $3.3 billion net loss in the most recent quarter — nearly double its loss during the same period last year, which officials attributed largely to federal worker benefits and other unexpected mandated costs. "As we mark 250 years of service to the nation, our organization continues to face economic headwinds. We are working diligently to control costs, increase revenues, and tra…

US Postal Service Reports $3.3 Billion Quarterly Net Loss

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