February 9, 2018 / 1:37 PM / in 5 months

BRIEF-U.S. Postal Service Qtrly Controllable Income $353 Mln

Feb 9 (Reuters) -

* U.S. POSTAL SERVICE QTRLY CONTROLLABLE INCOME $353 MILLION VERSUS $522 MILLION

* U.S. POSTAL SERVICE SAYS TOTAL REVENUE FOR QUARTER WAS $19.2 BILLION, ESSENTIALLY UNCHANGED

* U.S. POSTAL SERVICE - IN Q1, PACKAGE VOLUMES GREW BY 111 MILLION PIECES, OR ABOUT 7 PERCENT

* U.S. POSTAL SERVICE - IN Q1, MAIL VOLUMES DECLINED BY ABOUT 2 BILLION PIECES, OR ABOUT 5% PERCENT

* U.S. POSTAL SERVICE SAYS NET LOSS FOR Q1 TOTALED $540 MILLION VERSUS NET INCOME OF $1.4 BILLION LAST YEAR

* U.S. POSTAL SERVICE - ABILITY TO REACT TO DECLINING VOLUMES BY COST CONTROL OR GROWING REVENUE THROUGH PRICING FLEXIBILITY “CONSTRAINED” BY CURRENT LAW

* U.S. POSTAL SERVICE - CONTINUING MAIL DECLINES IN QUARTER “PLACE ADDITIONAL FINANCIAL PRESSURE ON US, UNDERSCORING NEED FOR CHANGE” Source text for Eikon:

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