2009 a Bad Year for the US Postal Service
Save Email Print
Bookmark and Share
Posted: 4:41 AM Nov 19, 2009
2009 a Bad Year for the US Postal Service
New numbers show the US Postal Service lost nearly $4 billion this year.
Reporter: WSAW Staff
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

The US Postal Service is not having a good 2009.

In fact, new numbers show the US Postal Service lost nearly $4 billion this year. That's a billion dollars more than it lost in 2008, even though the agency cut it’s operating expenses by almost $6 billion.

Postal leaders blame the mounting losses on the deep recession, which has caused a drop in advertising mail, and an increase in e-mail.

Stock Indexes
  • .DJI
  • 12774.82
  • -115.64
  • -0.90%
  • .INX
  • 1341.99
  • -9.96
  • -0.74%
  • .IXIC
  • 2909.50
  • -17.73
  • -0.61%
  • NYA
  • 7991.34
  • -89.91
  • -1.11%
Enter Ticker Symbal to get quote:
Quotes updated every 15 minutes
  • FL
  • 26.85
  • SF
  • 36.87
  • VZ
  • 37.57
  • WY
  • 20.09