Postal Service had $740 million third-quarter loss
WASHINGTON (AP) — The Postal Service has trimmed its losses to $740 million over the last three months by consolidating processing facilities, cutting hours for workers and post offices and reducing workers’ compensation costs, the agency said Friday.
Still, year-to-date, the Postal Service had losses totaling $3.9 billion, and the agency said that without help from Congress its financial woes will worsen.
The report for the financial quarter ending June 30 comes as Congress considers proposals to fix the agency’s finances.
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