USPS Reports Q2 $1.9 Billion Loss

USPS: Q2 $1.9 billion loss highlights continued urgent need for comprehensive legislation: WASHINGTON — The U.S. Postal Service ended the second quarter of its 2013 fiscal year (Jan. 1 – March 31) with a net loss of $1.9 billion. The Postal Service continues to grow revenue and reduce expenses by using the tools available to it under existing law. However, without passage of comprehensive legislation to provide the Postal Service with a workable business model for today’s marketplace, large quarterly financial losses will continue.