U.S. Postal Ser­vice re­ports loss for 11th straight year

Las Vegas Review-Journal - - NATION -

The be­lea­guered U.S. Postal Ser­vice re­ported a fi­nan­cial loss Tues­day for the 11th straight year, cit­ing de­clin­ing mail vol­ume and costs of its pen­sion and health care obli­ga­tions even as it pre­dicted an­other strong hol­i­day sea­son of pack­age de­liv­er­ies.

It pleaded for more free­dom to raise stamp prices to help keep pace with con­sumer de­mand for ever-quicker de­liv­er­ies from on­line shop­ping.

The Postal Ser­vice re­ported a loss of $2.7 bil­lion for the fis­cal year that ended Sept. 30. That was bet­ter than a $5.6 bil­lion loss in the prior year but was mainly due to fluc­tu­a­tions in in­ter­est rates that re­duced work­ers’ com­pen­sa­tion ex­penses.

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