WASHINGTON — The Postal Service’s financial woes continued in the first quarter of this year as the agency continues to wait for Congressional action to address its mounting debt. The Postal Service posted a loss of $1.3 billion in the first quarter as mail volume continued to decline.
Total mail volume fell to 43.5 billion pieces from 43.6 billion in earlier year, agency officials told members of the Postal Board of Governors, which oversees the agency. The board, which told the agency to speed up measures to cut costs two weeks ago, endorsed the post office’s recent move toward suspending mail delivery on Saturday.
The data presented by the post office did show a slight increase in advertising mail from the 2012 election. The agency’s packaging and shipping service continues to grow, increasing 4 percent in the first quarter.
Postal Service Posts Loss of $1.3 Billion in First Quarter
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Postal Service Posts Loss of $1.3 Billion in First Quarter
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Postal Service Posts Loss of $1.3 Billion in First Quarter
