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Hold the applause for the Postal Service
Federal Times: The U.S. Postal Service's latest financial report is being called upbeat, but a closer look provides a far less optimistic assessment. While revenues grew this quarter, it lost $754 million – outpacing the loss incurred this period last year by $400 million.
The Federal Times' recent story effectively highlights the poor fiscal outlook facing the Postal Service. Yet the piece primarily focuses on the remedies proposed by the Postal Service and its advocates to grow the agency, mainly through expanded package delivery services, added 'flexibility' to change prices, and consolidation of mail processing centers.
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