USPS lost $1.3 billion in final 3 months of 2012 - WXOW News 19 La Crosse, WI – News, Weather and Sports |

USPS lost $1.3 billion in final 3 months of 2012

Posted:

Undated (WXOW) - The U.S. Postal Service delivered a $.13 billion loss in the last three months of 2012.

The volume of first-class mail was down 4.5% but shipping and package volume increased 4%. 

In 2006, Congress mandated that the Postal Service pre-fund health care benefits for retirees.

Since then, the USPS has been struggling, borrowing from taxpayers, and twice defaulting on loan payments.

Earlier this week, the Postal Service announced plans to end Saturday delivery in order to save money.

Though it's still unclear if the USPS can do that without Congress' help.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WXOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Theresa Wopat at 507-895-9969. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.