Tuesday, October 19, 2010

Post Office facing major changes

What to do with the U.S. Postal Service? It’s drowning in red ink, with a deficit that ballooned to nearly $8 billion for the fiscal year just ended last month. Operating costs are up and mail volume is in free fall in the face of electronic and other delivery options. Soon it may not be able to make payroll.

[via Zacks.com]

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