DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Attention
Saturday, April 04, 2015
It's good news, bad news for the Postal Service
The Postal Regulatory Commission found the agency made its first operational profit in six years — $1.4 billion. But the Postal Service still lost $5.5 billion in 2014. That's more than 10 times its net loss the year before. The loss brings the Postal Service to a total deficit of $51.7 billion since 2007. Sen. Tom Carper (D-Del.) said the agency doesn't have enough assets to stay competitive in the future, such as modernizing its fleet and mail processing centers.
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