Postal Service sees $381M loss in March

Share this article:

The US Postal Service saw a net loss of $381 million in March, bringing its fiscal-year-to-date net loss to nearly $1.9 billion, according to data filed with the Postal Regulatory Commission.

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 USPS ran a net loss of $611 million in February, and saw a January net loss of $592 million.

The Postal Service ran a net loss of $3.8 billion for its 2009 fiscal year.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Direct Mail

Delivered: Coupon Mailers

Delivered: Coupon Mailers

What's in our mailbox this month: Coupons. See which ones are good deals—and which ones you shouldn't deal with.

Melissa Goes to Canada

Melissa Goes to Canada

Melissa Data adds Canadian change of address processing to its cloud-based NCOA service.

Delivered: University of Chicago Mailers

Delivered: University of Chicago Mailers

What's in our mailbox this month: University of Chicago mailers. See which ones make the grade—and which ones, not so much.