USPS Reports $1.5 Billion Loss
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In addition, operating expenses declined by $160 million while controllable income increased $52 million.
“We’re pleased with the increase in our controllable net income compared to the same period last year, which demonstrates that our cost containment and revenue strategies are delivering results,” said Postmaster General and CEO Megan Brennan. “We also took significant steps during the quarter to improve our long-term operating model, which will help drive greater long-term efficiencies throughout our network.”
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