UPFRONT

USPS Suffers $1.1B Loss in Q3

WASHINGTON, DC—The U.S. Postal Service registered a net loss of $1.1 billion for the third quarter, reflecting reduced mail volume and increasing transportation costs. Operating revenue fell $437 million to $17.9 billion for the quarter compared to the same period last year. Volume declined 5.5 percent to 48.5 billion pieces.