Brazil’s Postal Service Bleeds Billions While Private Couriers Take The Profits

Brazil’s state-owned postal company, Correios, is losing money at a pace that surprises even seasoned observers. From January to September 2025, it racked up losses of about R$ 6.1 billion ($1.1 billion), almost three times the R$ 2.1 billion ($0.4 billion) deficit in the same period of 2024 and already well above the full-year 2024 […]