WASHINGTON—The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968.
The Postal Service said revenue fell 0.4 percent to $78.2 billion results. U.S. Postmaster General Louis DeJoy said the loss includes $2.6 billion in inflation costs “above what we projected and what we were able to recover ... We are not happy with this result.”
