USPS Losses Continue, Default on Federal Payments Looming
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WASHINGTON, DC—August 05, 2011—The U.S. Postal Service ended its third quarter of fiscal year 2011 (April 1-June 30) with a net loss of $3.1 billion, compared to a net loss of $3.5 billion for the same period in FY 2010. Total mail volume declined to 39.8 billion pieces for the quarter, compared to 40.9 billion pieces in the third quarter of FY 2010.
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