USPS faces loss of about $2 billion
- Share via
From Times Wire Reports
The U.S. Postal Service could lose about $2 billion this year amid tough economic times, Postmaster General John Potter said in St. Louis.
Speaking at the National Assn. of Postmasters of the United States, Potter said the agency is grappling with issues that many businesses face, such as high fuel prices.
“We’re probably going to lose somewhere in the neighborhood of $2 billion this year,” he said. “If we don’t act, we’ll lose $2 billion or more the following year.”
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
