Postal Service Loses $3.2b In 2nd Quarter

WASHINGTON (AP) -- The ailing U.S. Postal Service is reporting quarterly losses of $3.2 billion, brought on by declining mail volume and mounting costs for future retiree health benefits....

Topics:  washington ap     the   u.s postal service   quarter   
BING NEWS:
  • Postal Service loses $3.2B in 2nd quarter
    From January to March, losses were $1 billion more than during the same period in 2010. The mail agency said that without legislative action, it will be forced to default on more than $11 billion in health prepayments due to the Treasury this fall.
    10/4/2012 - 1:00 pm | View Link
  • Postal Service Losing $42,335,766 Per Day
    In the second quarter (Jan.-March), it lost $2.2 billion. During the third quarter alone, when the Postal Service lost a total of $5.2 billion, the service was losing money at a rate of $57,142,857 per days. The Postal Service said that it had to use $3.1 ...
    08/9/2012 - 8:45 am | View Link
  • Postal Service loses $3.2B in 2nd quarter
    WASHINGTON (AP) -- Drowning in red ink, the U.S. Postal Service on Thursday reported a quarterly loss of $3.2 billion and blamed Congress for blocking the agency's cost-cutting efforts to offset declining mail volume and mounting costs for future retiree ...
    05/10/2012 - 8:48 am | View Link
  • Postal Service loses $3.2B in 2nd quarter, blasts Congress for blocking cost-cutting moves
    WASHINGTON (AP) — Drowning in red ink, the U.S. Postal Service on Thursday reported a quarterly loss of $3.2 billion and blamed Congress for blocking the agency’s cost-cutting efforts to offset declining mail volume and mounting costs for future ...
    05/10/2012 - 8:24 am | View Link
  • Postal Service loses $3.2B in 2nd quarter
    WASHINGTON (AP) — Drowning in red ink, the U.S. Postal Service on Thursday reported a quarterly loss of $3.2 billion and blamed Congress for blocking the agency's cost-cutting efforts to offset declining mail volume and mounting costs for future retiree ...
    05/10/2012 - 7:36 am | View Link
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