USPS first-quarter loss doubles from last year
The U.S. Postal Service announced its financial results for the first quarter of fiscal year 2024 (Oct. 1, 2023 – Dec. 31, 2023). The net loss for the quarter totaled $2.1 billion, compared to a net loss of $1.0 billion for the same quarter last year. Results for the quarter were negatively impacted primarily by non-cash workers’ compensation expenses due...
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