NewsRTR: US Postal Service reports $6.5bn net loss for 2023 fiscal year

November 15, 2023by 0

REUTERS reports:
The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968.
The Postal Service said revenue fell 0.4% to $78.2 billion results. U.S. Postmaster General Louis DeJoy said the loss includes $2.6 billion in inflation costs “above what we projected and what we were …

The post RTR: US Postal Service reports $6.5bn net loss for 2023 fiscal year appeared first on The Loadstar.

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