USPS reports 2nd quarter loss of $1.9 Billion

[manOman]

Postal Service Ends Second Quarter with $1.9 Billion Loss
Year-End Cash Shortfall Possible Despite Aggressive Cost Reductions;
Mail Incentive Programs Introduced to Offset Unprecedented Volume Declines

Link to full article:


http://www.usps.com/communications/newsroom/2009/pr09_047.htm

[manOman]

If you take out the $807 Million "adjustment", the loss was more like $1.6 Billion, but I think the USPS is trying its damnedest to make things look as bad as possible. Here's a link to the news release:


http://www.usps.com/communications/newsroom/2009/pr09_066.htm