USPS Reports $1.5 Billion Loss
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“Shipping and package services are a key business driver, however, operating margins in this business are lower than in mailing services,” said Joseph Corbett, USPS chief financial officer and executive vice president.
The retiree health benefit prefunding expense continues to plague the USPS. Minus that expense, the loss would have dropped to 44 million, and last year's second quarter net loss, which was 1.9 billion, would have decreased to $447 million without including that expense.
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