US Postal Service Registers Quarterly Net Loss of $3.1 Billion

US Postal Service Registers Quarterly Net Loss of $3.1 Billion

The U.S. Postal Service (USPS) incurred a net loss of $3.1 billion for the third quarter of fiscal year 2025—from April 1 to June 30—the agency said in an Aug. 7 statement. While the $3.1 billion loss was down by 6 percent from the second quarter, it was up by 24 percent from the same quarter in fiscal year 2024. USPS attributed the loss to factors such as unfavorable adjustments related to workers’ compensation, higher compensation and benefits…

USPS Racks Up $3.1B Quarterly Loss, Faces Calls To Abandon Delivering For America Plan

USPS posted a $3.1 Billion net loss for the third quarter of fiscal 2025, prompting calls for new Postmaster General David Steiner to abandon his predecessor Louis DeJoy's Delivering For America plan. A press release from the US Postal Service about its latest financial results showed losses ballooning compared to $2.5 Billion in the same quarter of the previous year, but Steiner and Chief Financial Officer Luke Grossmann say they believe USPS i…

US Postal Service loss widens to $3.1 billion as inflation bites

The U.S. Postal Service is on track to lose nearly $7 billion in the current fiscal year as inflation made it difficult to hold the line on costs in the third quarter.