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Archive for May 19th, 2014

USPS Still Losing After All These Years

Monday May 19th, 2014   •   Posted by K. Lloyd Billingsley at 7:04am PDT   •   3 Comments

As Josh Hicks reports in the Washington Post, the U.S. Postal Service lost $1.9 billion in the second quarter, and the losses come despite increases in revenues, higher prices for stamps, and a boost in USPS package shipping. The losses, Hicks notes, mark “the 20th time in the last 22 quarters in which the…
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