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Editorial Results (free)
1. Post Office Had $1.9 Billion Second Quarter Loss
- Monday, May 13, 2013
WASHINGTON (AP) – The U.S. Postal Service said Friday it lost $1.9 billion over the last three months and warned that losses would continue to mount without help from Congress.
The loss for the financial quarter ending March 31 was narrower than a $3.2-billion loss for the same period last year, thanks to slightly higher revenues and lower payments towards health benefits for workers who will retire in the future.
2. Postal Service Lost $1.3 Billion Over Quarter
- Monday, February 11, 2013
WASHINGTON (AP) – The U.S. Postal Service lost $1.3 billion in the final three months of last year, despite a blizzard of campaign advertising for the fall political elections and a big holiday mail and shipping season.
3. Quarterly Loss Hits $3.3B at Postal Service
- Friday, February 10, 2012
WASHINGTON (AP) – Teetering on the brink of bankruptcy, the U.S. Postal Service's quarterly loss ballooned to $3.3 billion amid declining mail volume and the soaring costs of health benefits for future retirees.
4. Red Ink for Post Office: $8.5B Lost Last Year
- Monday, November 15, 2010
WASHINGTON (AP) — The Postal Service said Friday it lost $8.5 billion last year despite deep cuts of more than 100,000 jobs and other reductions in recent years.
The post office had estimated it would lose $6 billion to $7 billion, but a sharp decline in mail took a toll. Increased use of the Internet and the recession, which cut advertising and other business mail, meant less money for the agency.