OFF TO A GOOD START.
A significant increase in mail volume and net income of $1.7 billion helped the Postal Service report better-than-expected first-quarter results. Revenue of $18.8 billion and expenses of $17.1 billion produced a net income of $1.7 billion — down from $1.8 billion last year. Even so, revenue grew by 3.2% in the first quarter. USPS Board of Governors Chairman James Miller said, “The Postal Service’s finances are, at the moment, in good order, and service to our customers is being provided at the highest levels in our history.”
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