US Postal Service Reports $8.8 Billion Net Loss for Fiscal Year 2019

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The U.S. Postal Service (USPS) reported operating revenue of $71.1 billion for fiscal year 2019 (Oct. 1, 2018 – Sept. 30, 2019), an increase of $514 million compared to the prior year. The higher revenues were driven largely by price increases and continued growth in the shipping and packages business, where revenue increased $1.3 billion, or 6.1%, which more than offset revenue declines in first-class and marketing mail as a result of declining volumes in that segment of its business.

The total volume of mail and packages delivered during the year declined by 3.8



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