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Postal Service Losses

The Post Office Lost $2 Billion In Just 3 Months

Reuters | Posted 10.11.2014 | Business

By Elvina Nawaguna WASHINGTON, Aug 11 (Reuters) - The U.S. Postal Service continued to bleed money during its second quarter, despite ...

Postal Service Proposes Desperate Stamp Price Hike

The Huffington Post | Posted 09.25.2013 | Business

The Postal Service proposed increasing the price of postage stamps by 3 cents Wednesday, in an aim to raise $2 billion more in revenue. The increas...

$1.9 Billion Lost

AP | SAM HANANEL | Posted 07.10.2013 | Business

WASHINGTON -- 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 witho...

Mark Gongloff

Postal Service Spends Thousands On Cheesy Video Invitations

HuffingtonPost.com | Mark Gongloff | Posted 03.06.2013 | Business

The U.S. Postal Service apparently subscribes to the Real Housewives of New Jersey school of money management: The thing to do when you're broke is to...

Postal Service Reports Huge Loss

AP | HOPE YEN | Posted 10.09.2012 | Politics

WASHINGTON — The nearly bankrupt U.S. Postal Service on Thursday reported losses of $57 million per day in the last quarter and warned it will m...

Postal Service Suffers Significant Losses

AP | HOPE YEN | Posted 07.10.2012 | Politics

WASHINGTON — Drowning in red ink, the U.S. Postal Service on Thursday reported a quarterly loss of $3.2 billion and blamed Congress for blocking...