USPS reports quarterly loss as financial crisis deepens

11 articles · Updated · USA TODAY · May 8

The agency said the net loss was $1.95 billion and warned it could run out of cash as soon as February.
USPS blamed declining mail volumes and said it had temporarily suspended employer payments to a federal pension programme to conserve cash.
It also plans to raise first-class stamp prices to 82 cents from 78 cents on 12 July, as long-term mail declines strain finances.

After a $57 billion debt relief failed, can higher prices and new package deals truly rescue the U.S. Postal Service?

USPS's new deal with Amazon means higher rates but fewer packages. Is this a step forward or a hidden trap for the agency?