The Norman Transcript

November 17, 2013

More red ink for USPS

The Norman Transcript

NORMAN — The U.S. Postal Service had its first growth in revenue since 2008. It also recorded another loss over the past year.

Managers reported losing $5 billion. That was a fraction of the $15.9 billion lost last year. Despite cuts and changes in many mail routines, postal managers are still asking Congress for help eliminating the deficit.

Mostly postal managers want to avoid setting aside pension funds each year to guarantee retiree payments. Their revenue rose 1.2 percent to $66 billion.

More packages were mailed through the USPS, and there was a higher volume in standard mail, thanks partially to lower rates given to bulk mailers.

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