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Postal Service: More financial loss as mail delivery slumps
Federal Times: The U.S. Postal Service reported another quarterly loss on Friday after an unrelenting drop in mail volume and costs of its health care and pension obligations outweighed strong gains in package deliveries.
Amid sharp criticism from President Donald Trump that it is being scammed out of billions by online retailers such as Amazon.com, the Postal Service called for greater freedom to raise stamp prices to help cover costs. It warned of a serious financial situation that prevented it from making much-needed investments in letter and package delivery, saying it could not wait for a task force created by Trump to study the reasons behind its losses at a time of increased competition in the e-commerce age.
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