The U.S. Postal Service reported a net loss of $3.3 billion in its first quarter as plummeting mail volumes overshadowed stronger than expected holiday shipping, the cash-strapped agency said on Thursday.
The mail carrier has watched its traditional business erode as increasing use of email and online bill-paying drain mail volumes. The Postal Service lost $5.1 billion last year.
Read more: US Postal Service loses $3.3 bln in first quarter
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