USPS Reports $5.6 billion net loss in Fiscal Year 2016 

The Postal Service has reported a net loss of approximately $5.6 billion for fiscal 2016 (Oct. 1, 2015-Sept. 30, 2016), compared to a $5.1 billion loss for the previous fiscal year. The fiscal 2016 loss was driven by mandated retiree health benefits expenses. If this prefunding obligation was excluded, USPS would have recorded net income…

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