Postal Service sees $381M loss in March
The agency shipped 15.4 billion pieces of mail in March, a 2% increase over the same period of last year. It has shipped more than 88 billion pieces of mail this year, 6% less than the first six months of its 2009 fiscal year.
The USPS has reported a net loss of $1.9 billion for the six months ending March 31. The organization is on track to lose about $7 billion this fiscal year, which will end September 30.
The Postal Service ran a net loss of $3.8 billion for its 2009 fiscal year.