US Post Office sees dip in revenue

Bahamas News.Net
Wednesday 6th August, 2008

The US Postal Service has reported a loss of more than a billion dollars for the third quarter of the fiscal year.

Officials have blamed the loss on reduced mail volume coupled with rapidly rising transport costs.

The agency is offering early retirement to some clerks, mail handlers and supervisors as a means of counteracting the losses which have seen post office revenue drop by US$437 million, or 2.4 percent.

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Comments on this story

` ~galljdaj+
08-07-08, 04:18 PM

US Post Office sees dip in revenue

A 5% INCREASE in rates charged, a 2.4% DECREASE in revenues results in 1 Billion plus loss!

If I had a comptroller present such a report, he’d be an EX-employee!, because thefts would have to be cause. If he was not in on the caper, he oversaw its happening!

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