USPS Continues to Hemorrhage Major Financial Losses
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WASHINGTON, DC—Another quarter, another crippling financial loss for Mr. ZIP.
The U.S. Postal Service ended the first three months of its 2012 fiscal year (Oct. 1–Dec. 31, 2011) with a net loss of $3.3 billion. Management expects large losses to continue until the Postal Service has implemented its network re-design and downsizing, and has restructured its health care program.
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