Campaign mailings, holiday package deliveries boost Postal Service revenue but losses continue

IndustriesAssociated Press

Political campaign mailings and an increase in holiday package deliveries helped boost U.S. Postal Service revenue at the end of the year.

That's even as the agency continued to record millions in losses.

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Postmaster General Megan Brennan says that despite the losses, the outlook is much brighter than in the past.

Revenue rose 4.3 percent in the last quarter of 2014. The Postal Service had $754 million in losses during that time.

Looking ahead, Brennan says replacing the Postal Services' aging fleet of trucks is a priority, since many of them are more than 20 years old.

She says the closure and consolidation of many post offices around country was a wise business decision given the decline in first class mail.