USPS Registers $2.8 Billion Loss for FY 2008 : Printing Impressions

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	Nov 14, 2008
	
			USPS Registers $2.8 Billion Loss for FY 2008 - 
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			WASHINGTON, DC—With mail volumes continuing to dwindle and added costs mandated by the Postal Act of 2006, the U.S. Postal Service finished its 2008 fiscal year with a net loss of $2.8 billion. The loss came despite cost-cutting measures in excess of $2 billion, including 50 million fewer work hours. However, mail volume plummeted by 9.5 billion pieces to 202.7 billion, a decline of 4.5 percent compared to 2007. The USPS also cited the national economy and the use of electronic mail as reasons for the decline.
		
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	http://www.piworld.com/article/usps-registers-28-billion-loss-fy-2008-400622_1.html
	
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