U.S. Postal Service Reports $3.5 bln Loss, Volume Plunges

The U.S. Postal Service’s fiscal-third-quarter loss widened to $3.5 billion as mail volume fell 1.7% and operating expenses increased, and a potential cash crunch looms. The Postal Service has lost money each year since 2007, while mail volume has declined 20% since then, hit by the economy’s downturn and the growing use of email and online bill payment – WSJ

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