Brazil’s State Postal Correios Q1 Loss Doubles to $626M on Import Tax

Correios, Brazil’s 363-year-old state-owned postal monopoly, posted a Q1 2026 net loss of R$3.16 billion ($626 million), an 82.3% deepening from R$1.72 billion ($340M) a year earlier and the worst opening quarter in company history. The result, filed on May 30 and confirmed in official statements on June 1, marks the operator’s 14th consecutive loss-making […] The post Brazil’s State Postal Correios Q1 Loss Doubles to $626M on Import Tax appeared first on The Rio Times .