POSTAL SER­VICE LOS­ING STREAK HITS 11 YEARS

The Day - - WORLD & NATION -

Wash­ing­ton — The be­lea­guered U.S. Postal Ser­vice is re­port­ing a fi­nan­cial loss for the 11th straight year, cit­ing de­clin­ing mail vol­ume and costs of its pen­sion and health-care obli­ga­tions. It is plead­ing for more free­dom to raise stamp prices to help keep pace with con­sumer de­mand for ever-quicker pack­age de­liv­er­ies. The Postal Ser­vice says it lost $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 mainly due to fluc­tu­a­tions in in­ter­est rates. The Postal Reg­u­la­tory Com­mis­sion is de­cid­ing whether to give the Postal Ser­vice greater power to raise stamp prices. The price of a first-class stamp is now 49 cents.

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