Qurly.net » government http://qurly.net The latest news online Wed, 26 Aug 2009 18:48:03 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 USPS Loses Over $2B in Latest Quarter http://qurly.net/usps-loses-over-2b-in-latest-quarter/ http://qurly.net/usps-loses-over-2b-in-latest-quarter/#comments Thu, 06 Aug 2009 17:00:06 +0000 Qurly http://qurly.net/?p=413 The United States Postal Service suffered a drop in mail volume, which also resulted in a loss of $2.4B in their latest quarter (ending Jun 30). The loss is being attributed to email usage as well as the recession. The USPS pays out nearly $6B in retiree health benefits, so this quarterly loss could result in cash flow problems by the end of the fiscal year.

[via Business Journal of Milwaukee]

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