May 14, 2018
The U.S. Postal Service says that its large financial losses are caused by market forces and governmental constraints but not Amazon, in a release of its quarterly statistics that stood in contrast to pointed statements made by President Donald Trump.
Trump made waves in March when he declared that the Postal Service was losing money on every package it delivered for Amazon before ordering a review of the service’s finances.
But the Postal Service’s second quarter results, which were released Friday, note that increases in shipping and package volume remained areas of strong revenue growth amid other decline and economic pressures which added up to a $1.3 billion net loss in the quarter.
Though mail was down by 700 million pieces, or 2.1 percent, package volume grew by some 70 million pieces, about 5 percent, the report said.
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