USPS Loses Staggering $15.9B for Fiscal Year

The encouraging growth trend in the package business is not, by itself, enough to offset the declines in First-Class Mail and Standard Mail, the USPS said. First-Class Mail revenue, which peaked in 2007, dropped $1.163 billion, or 3.9 percent, this fiscal year, while Standard Mail decreased $747 million, or 4.3 percent, compared to last year. However, the rate of decline in the First-Class category did slow in 2012.