The U.S. Postal Service reported a $3.5 billion loss in its most recent quarter Thursday, as mail volume plummets and retiree health care costs mount.
The USPS, a self-supporting government agency that receives no tax dollars, said operating revenue declined 1.8% to $16 billion during the fiscal 2010 third quarter compared to a year earlier, while operating expenses spiked 4.2% to $19.5 billion.
Sunk?!? $14 billion loss a year? You decide.
Thursday, August 5, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment