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Federal Times: More bad numbers for USPS ahead

Posted by postal on Apr 23rd, 2009 and filed under Photos, USPS NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Federal Times: More bad numbers for USPS ahead
Fedline - Federal Times Blog

Fedline - Federal Times Blog

The Postal Service’s board of governors is meeting early next month to discuss, among other things, the financial results from the second quarter of 2009. There’s not much optimism about the numbers, considering USPS lost $384 million in the first quarter, which is traditionally the strongest of the year.

Another bad sign: UPS’ earnings report. The shipping giant said its first-quarter earnings were down by 56 percent, and it expects the second quarter to be worse than previously expected. Read more

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