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DirectUS post office losses increased by more than $ 2.5 billion in the third quarter of 2019, while revenues increased.
The results of the US Authority released Friday showed a loss of $ 2.53 billion for the quarter ended last June, against $ 1.48 billion for the same period of the year 2018.
Excluding non-recurring items, US postal losses amounted to approximately $ 1.078 billion in the third quarter, compared to $ 889 million for the same period last year.
Mail revenue in the United States was $ 17.09 billion in the third quarter, compared with $ 17.07 billion in the same period last year.
Cargo and parcel revenues increased 4.8% to $ 5.41 billion in the quarter ending June, compared to $ 5.16 billion for the same period last year, showed the data.
Operating expenses reached $ 19.33 billion in the third quarter of this year, compared to $ 18.53 billion for the same period last year.
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