USPS $3.9 billion from being in the black

Jed Kim Nov 15, 2018
Share Now on:
HTML EMBED:
COPY
Joe Raedle/Getty Images

USPS $3.9 billion from being in the black

Jed Kim Nov 15, 2018
Joe Raedle/Getty Images
Share Now on:
HTML EMBED:
COPY

The U.S. Postal Service lost $3.9 billion in the last fiscal year, which was $1.2 billion more than it lost last year. People sent 2 billion fewer pieces of first-class mail this year, but the USPS increased how many packages it delivered. Increased revenue from package delivery and a hike of the first-class stamp price could help bring the service closer to being in the black. But, some in Congress say that employee pensions and health benefits are outpacing revenue growth. 

Click the audio player above to hear the full story. 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.