Normally, I like to keep things positive around here, but sometimes, you gotta step up to the truth.
The U.S. Postal Service ended its third quarter (April 1 – June 30) with a net loss of $2.4 billion. That brings the yearly loss to $4.7 billion so far. Total losses this year could top $7 billion.
The good news is that we have reduced our expenditures by nearly $6 billion. Without those cuts, the loss would be gi-normous!
What do you think about all of this?