Postmaster Warns of Larger Losses Unless USPS Changes
August 26th, 2008 | Posted in IndustryThe U.S. Postal Service could lose about $2 billion this year according to Postmaster General John E. Potter.
Potter said the postal service is grappling with issues that many businesses are facing, such as how to handle high fuel prices. He pointed to the postal service’s large fleet of alternative-fuel vehicles as a positive step.
He said unless USPS does more to reduce bureaucracy, cut costs and embrace technology, the Postal Service could lose $2 billion or more next year.”
