In even more bad news for the U.S. Postal Service, the struggling agency announced today that it lost $5.2 billion in the third quarter of fiscal 2012. This brings the Postal Service’s total 2012 losses up to $11.6 billion, compared to $5.7 billion a year ago. The agency announced these numbers as it continued to ask Congress for postal reform legislation. The Senate passed a postal bill in April, but many don’t expect the House to consider such a bill until November’s elections. The Postal Service did attain growth of 9.9 percent in revenues from shipping packages, reaching $3.3 billion. However, that growth was not nearly enough to staunch the losses flowing from the agency. For more on the latest business news, follow us on Twitter @FNNOnline, or check out our website at fnno.com
