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Friday, November 12, 2010

US Postal Service Loss More Than Doubles to $8.5 Billion

The US Postal Service more than doubled its loss this year to a record $8.5 billion, despite postal rate increases and trimming staff. Of course, its generous retirement benefits have not been touched - and until they are, the Postal Service will never again approach break-even.

FedEx and UPS put the Postal Service to shame.