U.S. Postal Service, USPS, UPS, Parcel Select, shipping and delivery

U.S. Postal Service Again Posts Parcel Gains, But Overall Loss

| Mike O'Brien

The U.S. Postal Service reported operating revenue of $17.7 billion in Q2, up $788 million or 4.7% from 2015. The increase was primarily due to an 11.4% gain in shipping and package volume and pricing changes. While the USPS keeps posting double-digit parcel gains, it continues to drown in pension-driven red ink, with a $2 billion quarterly net loss, up from $1.5 billion a year ago.