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The Latest Headlines about USPS, DHL, Amazon, etc.
US Postal Service records $384 mln loss in 1st quarter
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<blockquote data-quote="cheryl" data-source="post: 478166" data-attributes="member: 1"><p><strong>US Postal Service records $384 mln loss in 1st quarter - Reuters</strong></p><p></p><p>The U.S. Postal Service reported a $384 million net loss for the first quarter ended Dec. 31 due to plummeting mail volume brought on by a lingering recession, and warned that if current trends continue it may post a larger loss in fiscal 2009 than 2008.</p><p></p><p>Mail volume dropped at an increased rate for the eighth consecutive quarter, falling 9.3 percent from a year ago.</p></blockquote><p></p>
[QUOTE="cheryl, post: 478166, member: 1"] [B]US Postal Service records $384 mln loss in 1st quarter - Reuters[/B] The U.S. Postal Service reported a $384 million net loss for the first quarter ended Dec. 31 due to plummeting mail volume brought on by a lingering recession, and warned that if current trends continue it may post a larger loss in fiscal 2009 than 2008. Mail volume dropped at an increased rate for the eighth consecutive quarter, falling 9.3 percent from a year ago. [/QUOTE]
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US Postal Service records $384 mln loss in 1st quarter
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