Postal Service Posts $3.3B Loss

post office 150x150 Postal Service Posts $3.3B LossThe U.S. Postal Service reported a $3.3 billion loss this past quarter, according to the Jacksonville Business Journal. The loss is much higher than the $290 million in the same quarter a year earlier.

First-Class Mail revenue fell 4.1 percent. That revenue has declined 15 percent and the volume has decreased 25 percent since 2006.

“Technology continues to have a major impact on how our customers use the mail,” said Postmaster General Patrick Donahoe.”

Read more: http://www.bizjournals.com/jacksonville/news/2012/02/10/postal-service-posts-33b-loss.html

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