The US Postal Service's (USPS) net loss totaled $5.5 billion for fiscal year 2014 mid reached $51.7 billion since fiscal 2007. The loss is due to a Congressionally-required payment plan required each year of USPS for future employee benefits. A postal reform bill was expected to be considered this year that would possibly alter the USPS financial requirement related to the pre-funding of employee benefits. Last fiscal year, the USPS recorded $1.4 billion in net operating income — the first positive net operating income since fiscal 2008, due primarily to market dominant rate and surcharge increases implemented. Also, first-class mail revenue increased 0.5% (compared with fiscal 2013), and standard mail revenue increased 3%.
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