The U.S. Postal Service (USPS) incurred a net loss of $3.1 billion for the third quarter of fiscal year 2025—from April 1 to June 30—the agency said in an Aug. 7 statement.
While the $3.1 billion loss was down by 6 percent from the second quarter, it was up by 24 percent from the same quarter in fiscal year 2024.
USPS attributed the loss to factors such as unfavorable adjustments related to workers’ compensation, higher compensation and benefits expense, and an increase in other operating expenses.
“While the Postal Service continues to face financial challenges, we are an organization pursuing continuous improvements and innovation,” said USPS Chief Financial Officer Luke Grossmann….