U.S. Postal Service Loses More Than $5B for Q3 2012

WASHINGTON, DC—The U.S. Postal Service (USPS) ended its third fiscal quarter (April 1 to June 30, 2012) with a net loss of $5.2 billion, compared to a net loss of $3.1 billion for the same period last year. Contributing significantly to the quarter's $5.2 billion loss was $3.1 billion of expense for the legislatively mandated prefunding of retiree health benefits.