USPS Loses Staggering $15.9B for Fiscal Year

The Postal Service continues to grow its package services business. Revenue from that business increased by $926 million, or 8.7 percent, on a volume increase of 244 million pieces compared to the same period last year. Higher consumer spending, higher e-commerce retail sales plus increased marketing efforts drove much of the growth in this segment of the Postal Service business during the last year.