Foundering USPS Absorbs Punishing Q2 Loss

Other details of the second quarter results compared to the same period last year include:

• Total mail volume of 39.5 billion pieces, a decrease of 1.7 billion pieces, or 4.1 percent;

• Operating revenue of $16.2 billion, a decrease of $7 million or less than 1 percent;

• Operating expenses of $19.4 billion, an increase of $938 million, or 5.1 percent, driven by expenses related to the legally mandated prefunding of retiree health benefits payments scheduled to be paid in the final quarter of this year;