Postal Service lost $1.3 billion over quarter

WASHINGTON (AP) — The U.S. Postal Service lost $1.3 billion in the final three months of last year, despite a blizzard of campaign advertising for the fall political elections and a big holiday mail and shipping season.

The loss announced Friday was far less than the $3.3 billion in the comparable quarter the previous fiscal year, but still showed the effects of a continued decline in first-class mailing as customers continue to flock to the Internet for emailing, bill paying and the like.

In releasing their financial report, postal officials pleaded anew with Congress to give them the flexibility to better manage the agency — including to free it from a mandate that they prepay for expected retiree health care costs.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com

Blogs

» Extra! Extra! - A blog by Chris Heimerman
Extra! Extra! - A blog by Chris Heimerman

Knowledge is power, right?

Bryan Frederick is a Lifestyle Medicine Instructor at CGH Medical Center, and he's got me thinking and re-thinking my approach to weight loss.
» Out Here
Out Here

Why the need for middleman?

The other day, we ran a story about the Dixon Tourism Board's website, which is hard to navigate and missing key information, particularly about the Petunia Festival. Are we wasting our time examining local tourism websites?

Reader Poll

Have you ever gone boating on the Rock River?

Yes
No