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USPS losses slow to $27 million in June

Published on .

Washington, D.C.—Continued cost-cutting and a strong package-shipping business have helped the U.S. Postal Service trim its losses to $27.0 million for the month of June, compared with a net loss of $1.6 billion in the same month last year. Declines in first-class mail, standard mail and periodicals volume were offset by the Postal Service's shipping and package services, with volume in the category up 2.7% in June and revenue for the category up 7.4%, compared with June of last year. Meanwhile, operating expenses for the Postal Service overall were 18.5% lower than a year ago. For the nine months ended June 30, the Postal Service logged a net loss of $3.9 billion.
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