Postal Service Losses of $3.2 Billion in Second Quarter Underscore the Need for Legislative Changes

WASHINGTON –(ENEWSPF)–May 11, 2012.  The Postal Service ended its second quarter (Jan. 1 – March 31) with a net loss of $3.2 billion, compared to a net loss of $2.2 billion for the same period last year.  Despite ongoing management actions that have grown and improved efficiency, the losses will continue until key provisions of the Postal Service five-year business plan move forward.

Without the impact of the non-controllable costs related to mandated retiree health…