Postal Service's Net Loss Doubles
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post Accounting changeFreightWaves
•Business
Business & Economics
Accounting change, higher labor costs drive $3.3B Postal Service loss

76% Informative
U.S. Postal Service results took a turn for the worse in the second quarter .
Net loss more than doubled to $3.3 billion from $1.5 billion year over year .
Negative growth comes on the heels of a rare profit in the first quarter .
The Postal Service previously projected a $6.9 billion net loss for fiscal year 2025 .
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