Post Office Was $3.8 Billion In The Red Last Year

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Mon, 11/16/2009 - 1:35pm

The Postal Service reported a net loss of $3.8 billion for the 2009 fiscal year, about $1 billion more than the previous year.

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Postal Service backs down on cutting Saturday mail
The U.S. Postal Service says it will delay plans to cut Saturday mail delivery because Congress isn't allowing the change. The Postal Service said in February that it planned to cut back in August to five-day-a-week deliveries for everything except packages, as a way to hold down losses. More
Congress set to force Postal Service to keep Saturday delivery
The financially beleaguered Postal Service suffered a setback in its plan to end Saturday delivery of first-class mail as Congress on Thursday passed legislation requiring six-day delivery. More
U.S. Postal Service loses $1.3 billion in October-December
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Netflix could gain from loss of Sat. mail delivery
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Postal Service to cut Saturday mail to trim costs
The U.S. Postal Service will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion annually, the financially struggling agency says. More

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