Quarterly loss hits $3.3B at Postal Service
WASHINGTON — Teetering on the brink of bankruptcy, the U.S. Postal Service 's quarterly loss ballooned to $3.3 billion amid declining mail volume and the soaring costs of health benefits for future retirees.
From October through December 2011, losses were $3 billion more than that period a year ago, even though the quarter is typically the strongest due to holiday shipping. The mail agency said that at this...
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