Tag: USPS

USPS reports Q1 results

US Postal Service (USPS) has announced that – “excluding the effects of a $1.7 billion change in its workers’ compensation liability due to fluctuations in interest rates” – it posted a net loss of about $200m for the first quarter (Q1) of fiscal year 2017.

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USPS reports fiscal year 2016 results

After accounting for a $5.8 billion retiree health benefit prefunding obligation, the US Postal Service (USPS) reported a net loss of approximately $5.6bn for fiscal year 2016, compared to a $5.1bn net loss for FY 2015.

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