USPS FY 2019 earnings see further declines

Operating revenue, at $71.1 billion, rose $514 million annually, and was paced by price increased and ongoing strength in its Shipping and Packages business. But it saw a loss of $3.4 billion, or $1.5 billion more than fiscal year 2018, and its net loss for the year, at $8.8 billion, was $4.9 billion steeper on an annual basis. USPS said $3.4 billion of this net loss is due to the impact of discount rate changes in its workers’ compensation expense.