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Posts tagged with the keyword: ‘$1.9 Billion Loss’

Postal Service Ends Second Quarter with $1.9 Billion Loss

Postal Service Ends Second Quarter with $1.9 Billion Loss

USPS

Postal Service Ends Second Quarter with $1.9 Billion Loss
Year-End Cash Shortfall Possible Despite Aggressive Cost Reductions;
Mail Incentive Programs Introduced to Offset Unprecedented Volume Declines

WASHINGTON – The U.S. Postal Service ended its second quarter (Jan 1 – March 31) with a net loss of $1.9 billion, as the economic recession and longer-term financial pressures, such as [...]

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