The U.S. Postal Service reported a net quarterly loss of $2 billion as it faces a growing financial crisis and has warned it could run out of cash as soon as February. https://t.co/ND0aBlEmCr
— NEWSMAX (@NEWSMAX) May 9, 2026
WASHINGTON, May 8 (Reuters) – The U.S. Postal Service on Friday reported a net quarterly loss of $2 billion as it faces a growing financial crisis and has warned it could run out of cash as soon as February.
USPS said mail volumes fell another 6.3% in the three months ending March 31 as operating revenue rose 2.3% to $20.2 billion over the same quarter last year.
USPS last month said it would temporarily suspend employer payments for a federal pension program to conserve cash and plans to raise the price of first-class mail stamps to 82 cents from 78 cents, effective July 12.
USPS has reported total net losses of $120 billion since 2007 as first-class mail, its most profitable product, has fallen to its lowest volume since the late 1960s.
https://www.newsmax.com/politics/usps/2026/05/08/id/1255704/