The government-run United States Postal Service (USPS) announced Thursday that it lost $5.2 billion in the third quarter, its 11th consecutive quarter of losses.
No one disputes the fact that the U.S. Postal Service (USPS) is facing a dire financial crisis. However, identifying the cause has been a subject of controversy.
The U.S. Postal Service announced Thursday that it will consolidate 48 mail processing centers across the country starting in July—the first part of the agency’s cost-saving plan for climbing out of debt.
The U.S. Senate approved major reforms to the struggling U.S. Postal Service (USPS) Wednesday but the Postal Service board says the reforms do not go far enough.