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Eric Yoder<\/strong> Savings from efficiency efforts and increased revenues from some categories of business were not enough to prevent the U.S. Postal Service from posting a loss of $1.9 billion in its second fiscal quarter, postal officials announced Friday.<\/p>\n The loss, following one of $1.5 billion in the first quarter, spurred officials to once again call on Congress to enact changes the Postal Service has proposed, including switching to five-day delivery of mail while continuing six-day delivery of packages, and savings on employee health insurance, retirement and other costs.<\/p>\n Revenue from shipping and packages rose in the second quarter by $267 million, or 9.3 percent, compared with the prior year, while advertising mail revenues were up $96 million, or 2.4 percent. However, revenue from first-class mail, the Postal Service\u2019s most profitable category, decreased $198 million, or 2.7 percent. Total mail volume fell to 38.8 billion pieces from 39.4 billion pieces.<\/p>\n Read more<\/a><\/p>\n <!– <\/p>\n –><\/p>\n This article was posted: Friday, May 10, 2013 at 11:44 am<\/p>\n Tags: domestic news<\/a>, economics<\/a>, technology<\/a><\/p>\n
washingtonpost.com<\/a>
May 10, 2013<\/p>\n
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