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The Latest Headlines about USPS, DHL, Amazon, etc.
Postal Service Loss Grows as First Class Mail Declines
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<blockquote data-quote="cheryl" data-source="post: 806754" data-attributes="member: 1"><p><strong><a href="http://www.bloomberg.com/news/2011-02-09/postal-service-loss-grows-as-first-class-mail-declines.html" target="_blank">Postal Service Loss Grows as First Class Mail Declines - Bloomberg</a></strong></p><p> </p><p>The U.S. Postal Service, which predicts that by the end of September it will be unable to make health-benefit payments for future retirees, said its first- quarter loss widened as first-class mail volumes declined. </p><p> </p><p>The volume of first-class mail, the agency’s most profitable service, fell 6 percent in the quarter, Chief Financial Officer Joseph Corbett said today at a postal board meeting in Washington. Bulk mail, which is cheaper and brings in less revenue, advanced 9 percent, he said. </p><p> </p><p>It takes the addition of three pieces of bulk mail to make up for the loss of one first-class letter, he said.</p></blockquote><p></p>
[QUOTE="cheryl, post: 806754, member: 1"] [B][URL="http://www.bloomberg.com/news/2011-02-09/postal-service-loss-grows-as-first-class-mail-declines.html"]Postal Service Loss Grows as First Class Mail Declines - Bloomberg[/URL][/B] The U.S. Postal Service, which predicts that by the end of September it will be unable to make health-benefit payments for future retirees, said its first- quarter loss widened as first-class mail volumes declined. The volume of first-class mail, the agency’s most profitable service, fell 6 percent in the quarter, Chief Financial Officer Joseph Corbett said today at a postal board meeting in Washington. Bulk mail, which is cheaper and brings in less revenue, advanced 9 percent, he said. It takes the addition of three pieces of bulk mail to make up for the loss of one first-class letter, he said. [/QUOTE]
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Postal Service Loss Grows as First Class Mail Declines
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