Washington, D.C.—The U.S. Postal Service has logged another money-losing quarter, posting a $2.2 billion net loss for its second fiscal quarter ending March 31.
Mailing revenue for the quarter was $14 billion, a 3.9% drop from the same period a year ago. Mail volume also dropped, 3.1% year-over-year, to 40.7 billion pieces in the quarter.
While continuing to seek regulatory relief, the Postal Service is reaching out to businesses with promotions. On May 16, it plans to introduce a postage-back guarantee program
for large advertisers with relatively small commitments to direct mail. It also plans to launch a b-to-b ad campaign
this fall promoting the advantages of direct commercial mail.