According to USPS CFO Joe Corbett, this is the carrier's first quarterly volume decline for packages in nine years. US Postal Service (USPS) has reported a loss of $2.3bn in its fiscal third quarter after a decline in the volume of package shipments. The USPS said it lost $1.5bn, or $3.7bn, on shipments to customers and businesses during that quarter. Amazon has been expanding its delivery service and has been increasingly using its in-house services as a result.
US Postal Service (USPS) has reported a loss of $2.3bn in its fiscal third quarter after a decline in the volume of package shipments. The USPS said it lost $1.5bn, or $3.7bn, on shipments to customers and businesses during that quarter. Amazon has been expanding its delivery service and has been increasingly using its in-house services as a result.