US Postal Service Projects $1.5 Billion Year-End Deficit
Postmaster General John E. Potter today said the Postal Service faces a projected net loss of approximately $1.5 billion in fiscal year 2002, with mail volume for the year expected to drop some six billion pieces below last year’s total. Despite the magnitude of this decline, Potter said cost-containment actions taken by the Postal Service have reduced this estimated net loss well below earlier projections that ranged as high as $4.5 billion.
Read More
