The USPS bleeds $1.9B in FQ2

|By:, SA News Editor

The USPS reports it lost $1.9B in FQ2.

First-class mail volume declined 4.1% during the period while standard mail volume managed a 0.5% gain.

The agency reduced operating expenses by 1.1% Y/Y to $17.9B.

The meltdown at the USPS has some bearing on FedEx (FDX), UPS (UPS), Staples (SPLS), and (STMP).