WASHINGTON – The US Postal Service posted historic losses of $US16 billion; 3 times as much as last year. The internet and strong competition from 3rd party delivery services are mostly the reason for the tremendous loss. Without government bailout, the US Postal Service, still controlled...
Thursday, November 15, 2012
US Postal Service Records Losses In The Billions
WASHINGTON – The US Postal Service posted historic losses of $US16 billion; 3 times as much as last year. The internet and strong competition from 3rd party delivery services are mostly the reason for the tremendous loss. Without government bailout, the US Postal Service, still controlled...
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