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Postal Service reports $382 million April loss

By Published on .

Washington, D.C.—The U.S. Postal Service reported a net loss of $382 million in April, and a loss of $2.26 billion for the first seven months of its fiscal year. The figures represent a slight improvement on the $385 million and $2.67 billion the Postal Service lost in the corresponding periods last year.

The April loss represents a gradually improving recent picture. In March, the Postal Service reported a net loss of $381 million, and in February a net loss of $611 million.

Mail volume continues to decline as consumers and businesses increase their use of electronic communication channels. Total mailed pieces for April were 14.4 billion, down 2% from the 14.7 billion pieces mailed in April 2009, primarily due to falling first-class, periodicals and shipping-services volume. Standard mail volume, however, used most often in commercial direct mail, increased 1% in April compared with the same period last year, to 6.9 billion pieces, with revenue from standard mail increasing 3.3%, to $1.46 billion.

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