US Postal Service gets whacked with a $1.3 billion loss as it struggles to keep up with Amazon

US Postal Service gets whacked with a $1.3 billion loss as it struggles to keep up with AmazonThe US Postal Service reported a total net loss of $1.3 billion in the second quarter. The USPS posted a controllable loss of $656 million in the second quarter, compared with income of $12 million for the same period a year ago. This is an important number because it factors in expenses such as wage increases.

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