U.S. Postal Service Q3 total revenue up $402 million
First-Class Mail revenue declined by $134 million, or 2.2 percent, and Marketing Mail revenue increased by $63 million, or 1.6 percent.
Total mail volume declined by a combined 397 million pieces, or 1.2 percent, compared to the same quarter last year.
Shipping and Packages revenue increased by $475 million, or 10.2 percent, on volume growth of 102 million pieces, or 7.5 percent.
The net loss for the quarter totaled $1.5 billion, a decline in net loss of $651 million compared to the same period last year, the result of nonrecurring adjustments to retirement and retiree health benefit plans to account for revised actuarial assumptions.
Excluding the effects of these adjustments, the net loss for the quarter increased by $507 million. ■