Archive

USPS Posts $3B in Losses

THE MAIL

Dismal third quarter as business plummets.

cheats/2011/08/05/usps-posts-3b-in-losses/usps-cheat_mw36tn
Eric Risberg / AP Photo

The U.S Postal Service lost $3.1 billion in the third quarter of the fiscal year despite cutting 7,500 administrative positions. The Postal Service also said that it will reach its legal borrowing limit by the end of the fiscal year.

We think “subscriber” would look good on you. Join now to unlock access.

Don't miss this subscriber exclusive article.