Attention

The opinions expressed by columnists are their own and do not represent our advertisers

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.

No comments: