Quarterly revenue was $19.2 billion, down slightly over the same period in the previous year. The Postal Service is urging relief from the mandate to pre-fund retiree health benefits. Legislation in 2006 required the post office to fund 75 years worth of retiree health benefits, something that neither the government nor private companies are required to do. http://funnycooperpeterson.hawapets.org/2017/02/03/professional-ideas-on-swift-products-in-nurses-care-for-problems-with-back-pain The service continues to press for legislation this year. Our current financial situation is serious, but solvable, said Postmaster General and CEO Megan J. Brennan. With legislation that contains broadly supported provisions to improve our business model, the Postal Service can generate total savings of $26 billion over the next five years. She is seeking more flexibility to raise stamp prices but has made clear that more drastic measures, such as a cut to Saturday mail delivery, would not be needed to return to profitability. The Postal Service has lost money for 10 consecutive years. First-class mail volume is down as people rely more on email for online bill payments.
For the original version including any supplementary images or video, visit http://www.wdef.com/2017/02/09/u-s-postal-service-says-it-lost-200-million-over-holiday-season/
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