USPS Narrowly Beats Loss, Seeks Congressional Help

U.S. Postal Service reports a significant reduction in operating loss, with a 24% drop to $642 million in Q2. Revenue increased by 2.3% to $20.2 billion, driven by strategic price hikes. Cost cuts, particularly in workers compensation, contributed to the positive results. However, the service remains in a cash crunch due to a $15 billion borrowing cap. Postmaster General David Steiner urges Congress to raise the limit, ease pension rules, and lift price caps. The service plans to cut transport and labor spending, hike prices, and explore partnerships with e-commerce giants to boost volume and long-term sustainability. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ba80c3020fe52890