WASHINGTON D.C.: After reporting a net loss of US$6.5 billion for the 12 months ending September 30, the U.S. Postal Service (USPS) said it will not breakeven next year as its sales of first-class mail fell to the lowest level since 1968.
Despite increasing stamp prices, its revenue fell 0.4 percent to $78.2 billion, the service added.
The loss includes $2.6 billion in inflation costs "above what we proje
