Packages Weigh on U.S. Postal Service as Losses Grow - News Summed Up

Packages Weigh on U.S. Postal Service as Losses Grow


Postal Service delivered higher revenue but a wider loss from its package delivery business, a segment that President Donald Trump has criticized as hurting the agency through contracts with shippers like Amazon.com. ​Higher costs tied to processing packages weighed on the Postal Service in its latest quarter, even as it relied on that same business to increase revenue amid a continuing decline in first-class mail.


Source: Wall Street Journal May 11, 2018 16:30 UTC



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