Postal Service Records Revenue Increase, but Losses Remain as Overhaul Bill Appears to Stall

The U.S. Postal Service recorded its first revenue increase in five years and mail volume showed signs of stabilizing despite continued decline—but the agency still lost $5 billion in fiscal 2013, making it the seventh consecutive year of red ink, according to figures released Friday.

The agency's annual $5.6 billion pre-funding requirement for future retirees also continued to be a drag on postal finances, USPS and union officials said.