Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Postal Service loses $865 million in July

By Published on .

Washington, D.C.—The U.S. Postal Service continues to hemorrhage money, reporting an $865 million loss for July.

That was an improvement over the $1.3 billion loss in June, but with two months to go before the Sept. 30 end to its fiscal year, the USPS already has lost $5.6 billion, putting it on track to far surpass its 2009 fiscal year deficit of $2.8 billion.

Unaudited financial statements filed with the Postal Regulatory Commission reported that the volume of standard mail was down 16.8% in July year over year, with first class mail volume off by 10.9%.

Most Popular
In this article: