Postal Service: Red Ink for 11th Year in Row as Mail Slumps

Favicon The Memphis Daily News

WASHINGTON (AP) – The beleaguered U.S. Postal Service reported a financial loss Tuesday for the 11th straight year, citing declining mail volume and costs of its pension and health care obligations even as it predicted another strong holiday season of package deliveries. It pleaded for more freedom to raise stamp prices to help keep pace with consumer demand for ever-quicker deliveries from...

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