Posts Tagged ‘financial crisis’

Options for the Postal Service

Posted by Blog Editor | Filed under Cost, Revenue, and Rates, Finances

As Pushing the Envelope noted 8 weeks ago, the Postal Service is facing a severe financial challenge. There are concerns the Postal Service could end this year without enough cash to pay all of its bills. The Postal Service attributes its problems to two major factors: (1) the long-term erosion of high-margin First-Class Mail volume [...]

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Read more | Comments (14) | Mar 30, 2009

The Postal Service’s Financial Crisis

Posted by Blog Editor | Filed under Finances

The Postal Service lost $2.8 billion in fiscal year (FY) 2008. This year, the Postal Service is concerned its loss could grow to $6 billion or more. Since the Postal Service is limited by law from borrowing more than $3 billion per year and the Postal Service started 2009 with only $1.4 billion cash on [...]

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Read more | Comments (16) | Feb 2, 2009