Postal Service loss nearly halved

The U.S. Postal Service said on Wednesday that its net loss for the 2021 fiscal year was $4.9 billion — close to half of the $9.2 billion it lost during the previous year.

The agency also said that its operating revenue for fiscal 2021 was more than 5 percent higher, an increase of $3.9 billion, than one year earlier.

The Postal Service said that it saw an increase of $3.5 billion from shipping and package revenue. The agency also noted that revenue from marketing mail had also increased close to 5 percent — about $681 million — compared to the previous year, noting that it was driven in part by political- and election-associated mail.