U.S. Postal Service Reports Fiscal Year 2016 Financial Results

Net loss of $5.6 billion, driven by mandated retiree health benefits expenses Controllable income of $610 million Continued double-digit growth in revenue and volume in the Shipping and Packages business Enactment of postal reform legislation remains urgently needed 11/15/2016 WASHINGTON – After accounting for a $5.8 billion retiree health benefit prefunding obligation, the U.S. Postal […]