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Despite revenue gains, Postal Service loses another $2 billion

from Government Executive

The U.S. Postal Service lost $2 billion in the third quarter of fiscal 2014, which ended June 30, though mail revenues actually grew $424 million over the same period last year. First-class and standard mail volume continued to decline, but an emergency rate increase implemented in January — as well as the sustained boost in package business — helped to offset the losses. more


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