The higher postage stamp prices that took...
The higher postage stamp prices that took effect April 3 boosted the Postal Service out of the red, the agency reported. The mail service said it had net income of $48 million for the quarter between March 12 and June 3. In the same quarter a year earlier, the agency had lost $171 million. Senior Assistant Postmaster General Comer S. Coppie said quarterly revenue was 1.6% higher than expected, primarily because the new rates took effect a week earlier than planned and mail volume was higher than anticipated. In addition, the Postal Service received $10 million in unplanned revenue for nationwide delivery of an AIDS pamphlet from the U.S. Surgeon General.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
