The U.S. Postal Service posted a net loss of
$437 million for January due to dwindling first-class mail usage and higher
personnel costs. Overall revenue rose, however, driven by other product
categories.
January volume of first-class mail, the Postal Service's most profitable product, declined by 2.0%.
However, revenue for the month increased 4.4% to
$5.6 billion, as standard mail, used most often for advertising, experienced a
4.0% increase in volume and a 2.6% rise in revenue. Periodical mail volume and
revenue also rose—2.6% and 2.9%, respectively.
January volume of first-class mail, the Postal Service's most profitable product, declined by 2.0%.
