The U.S. Postal Service reported net income of $275 million for the second quarter, down from $741 million last year.
The USPS reported revenue of $17.3 billion for the quarter ended March 31, up $17 million over $17.28 billion last year.
Mail volume for the quarter was 52.1 billion, up 600 million pieces over last year.
“There was a dip in revenue and volume in January, with slight increases in February and March,” said CFO Richard Strasser in a statement.
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