U.S. Postal Service results took a turn for the worse in the second quarter, with net loss more than doubling to $3.3 billion from $1.5 billion year over year, primarily due to accounting adjustments for mandated workforce benefits. The negative growth comes on the heels of a rare profit in the first quarter.
The adjusted loss, which excludes nonoperating expenses the agency can’t control, also more than doubled to $848 million from $317 million for the same quarter last year. In the first...