The holiday season will provide the struggling U.S. Postal Service with a much needed infusion of revenue, but hardly enough to stop its financial meltdown.
As the mail service heads into the holidays buckling under a $5.1 billion debt, sending packages is just about the only business line that’s growing and in the black. Keep reading →
A new sense of urgency emerged Tuesday to save the U.S. Postal Service from disaster. It reported a $5.1 billion deficit for 2011 expected to grow to more than $11.3 billion next year.
Postal Service executives pleaded with Congress to come up with a plan to save the 200-year-old American institution. It’s likely to include layoffs of thousands of workers. Keep reading →