Tags: Postal Service Loss Widens as First Class Mail Declines

Postal Service Loss Widens as First Class Mail Declines

Wednesday, 09 Feb 2011 01:52 PM

The U.S. Postal Service, which predicts that by the end of September it will be unable to make health-benefit payments for future retirees, said its first- quarter loss widened as first class mail volumes declined.

The loss increased to $329 million in the three months ended Dec. 31 from $297 million a year earlier, the Postal Service said in a statement today. Revenue fell 3.3 percent to $15.3 billion.

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Economy
The U.S. Postal Service, which predicts that by the end of September it will be unable to make health-benefit payments for future retirees, said its first- quarter loss widened as first class mail volumes declined.The loss increased to $329 million in the three months ended...
Postal Service Loss Widens as First Class Mail Declines
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2011-52-09
 

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