USPS Posts $1.9B in Red; 20th Loss in Last 22 Quarters
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The Postal Service also is working to increase its package delivery business by offering greater customer benefits such as improved tracking and Sunday and day-specific delivery. Shipping and package revenue increased $252 million, or 8 percent over 2013 second quarter results, fueled by the growth of e-commerce. The Postal Service continues to capitalize on its competitive advantage in providing “last mile” service, resulting in a 26.4 percent increase in revenue from Parcel Return and Parcel Select Service over the same period last year.
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