US Postal Service reports results for fiscal third quarter
Priority and express volumes at U.S. Postal Service declined during the organization’s fiscal third quarter, while parcel post shipments increased slightly, the postal service said.
Priority mail volumes fell 2.8% to 215 million, express volumes slipped .5% to 14.2 million and parcel post volumes rose .7% to 78.3 million.
Total revenue for the quarter rose to $18.4 billion, a 2.9% gain compared with the previous third quarter, according to the postal service.
The postal service competes directly with UPS Inc. and FedEx Corp. for priority, express and parcel freight.
