Less snail mail, more red ink at post office

Courtesy MSNBC.com: Business  Wed, 08/05/2009 - 12:05

With salaries accounting for 80 percent of postal costs, office closings would only produce a modest benefit.<br /><br />Buffeted by the recession and the popularity of e-mail and electronic bill payment, the Postal Service lost $2.4 billion from April through June, officials said Wednesday.



 

Related items

The Shrinking Post Office: Is There a Future for...
Post Office losses this year alone totaled $3.8 billion, and by the end of next year, total agency debt is expected to reach $13 billion. The Postal Service’s fiscal straits would be even...

What GM Can And Can't Do To Fix Europe
The red ink is gulp worthy: more than half a billion dollars in a single quarter.

Inside the Fed in 2006: A Coming Crisis, and Banter
Top policymakers did not seriously consider the idea that problems in the housing market would bring a recession, newly released transcripts show.

Samsung SCX-4200 3-in-1 True Multifunction Printer
The SCX-4200 Digital Productivity Center is a low cost black and white laser printer, delivering 3 in 1 true multifunction performance with professional laser output.Keep your valuable real...

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com