USPS reports record $15.9 billion loss

USPS reports record $15.9 billion loss

Post by Victor Mant » Wed, 21 Nov 2012 00:25:34



The struggling U.S. Postal Service on Thursday reported an annual loss of a
record $15.9 billion -- more than triple its $5.1 billion loss last year.

The financial losses for the fiscal year ending Sept. 30 capped a tumultuous
year in which the Postal Service was forced to default for the first time on
billions in payments to avert bankruptcy.

More:
http://www.nbcnews.com/business/postal-service-reports-record-15-9-bi...

--
Victor Manta, PWO, AIJP

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USPS reports record $15.9 billion loss

Post by Sir F.A. Rie » Thu, 22 Nov 2012 00:47:51


Quote:
>The struggling U.S. Postal Service on Thursday reported an annual loss of a
>record $15.9 billion -- more than triple its $5.1 billion loss last year.

>The financial losses for the fiscal year ending Sept. 30 capped a tumultuous
>year in which the Postal Service was forced to default for the first time on
>billions in payments to avert bankruptcy.

You'd think that Bammity could give a c..p for the citizens, but no -
he's into spending upon HIS PLAN. No plans for help to the PO.

Meanwhile the services continue to disappear - four PO's in RURAL
communities near me ar to 'disappear' shortly.

Also they no longer honor ex-US registry in many cases - so mail is
now fully 'at your  risk'!