New video explains USPS finances
Chief Financial Officer Joe Corbett reviews the Postal Serviceās latest in a āDollars and Changeā video released this week. During fiscal 2019ās second quarter (Jan. 1-March 31), USPS recorded revenue of $17.5 billion. Operating expenses were $19.6 billion, leaving the organization with a net loss of $2.1 billion. Several factors contributed to the net loss,…