USPS revenue up but losses linger as overhaul bill appears to stall

World Nov 18, 2013

USPS revenue up but losses linger as overhaul bill appears to stall

The U.S. Postal Service recorded its first revenue increase in five years, but the agency still lost $5 billion in fiscal 2013, making it the seventh consecutive year of red ink, according to figures released Friday. The continued losses dampened the good news about increases ...

Business Jul 25, 2013

Bill to revamp U.S. post office set to advance

A Republican plan to stabilize the financially struggling U.S. Postal Service by dropping Saturday letter delivery, phasing out door-to-door service and removing no-layoff clauses from future union contracts was headed for passage by a key House committee Wednesday. The agency lost close to $16 billion ...