US Postal Service reports $2 billion quarterly loss as cash crunch mounts

WASHINGTON, May 8 (Reuters) - The U.S. Postal Service on Friday reported a net quarterly ​loss of $2 billion as it faces a growing financial crisis and has ‌warned it could run out of cash as soon as February. USPS said mail volumes fell another 6.3% in the three months ending March 31 as operating revenue rose 2.3% to $20.2 billion ​over the same quarter last year. USPS last month said it would temporarily ​suspend employer payments for a federal pension program to conserve cash ⁠and plans to raise the price of first-class mail stamps to 82 cents ​from 78...