U.S. Postal Service loss narrows in third quarter
WASHINGTON Aug 9 (Reuters) - The U.S. Postal Service lost $740 million in its third quarter that ended June 30, as aggressive cost-cutting measures helped it narrow its losses, the agency said on Friday.
The mail carrier lost $5.2 billion during the same quarter last year.
The financially troubled Postal Service was also helped by a 8.8 percent increase in revenues from shipping packages and parcels as more Americans shop online and use the agency for deliveries.