The U.S. Postal Service posted a second quarter loss of $4.5 billion Friday.
Marketing mail volumes, the USPS’ bread-and-butter, fell 3.4% on the quarter.
Revenues for the three months ending in March, its fiscal second quarter, rose 2.8% to $17.8 billion, but noted that total operating expenses rose by more than 14% to $22.3 billion. The mismatch lead to a $4.5 billion quarterly loss, more than double the red ink it spilled over the same period last year.
CEO Megan Brennan said Congress needs to “take action to shore up the finances of the Postal Service” amid rising costs and plummeting mail volumes.