The U.S. Postal Service, which predicts it may run out of cash in September, had a $3.1 billion loss in its third quarter, Chief Financial Officer Joseph Corbett said.
Revenue was $15.8 billion in the three months ended June 30, Corbett said today in Washington. The volume of first-class mail, the most profitable mail category, fell 6.4 percent.
Full story: U.S. Postal Service posts $3.1 billion loss for third quarter