This spring USPS lost $2 billion

The U.S. Postal Service lost $2 billion this spring despite increasing its
volume and charging consumers more money to send mail, officials said
Monday.

The Postal Service has defaulted before on federally mandated annual
payments to cover expected health care costs for future retirees.

First-Class mail volume declined by 1.4 percent, but revenue climbed 3.2
percent because of price increases.

Operating expenses increased by $1.5 billion to $18.4 billion.

These are short excerpts from:
http://www.foxnews.com/politics/2014...cmp=latestnews

--
Victor Manta, PWO, AIJP

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