U.S. Postal Service 2009 Loss $3.8 Bln Vs Loss $2.8 Bln

U.S. Postal Service 2009 Loss $3.8 Bln Vs Loss $2.8 Bln

Nov. 16 (Bloomberg) -- The U.S. Postal Service said it posted a net loss of $3.8 billion in fiscal 2009, wider than the $2.8 billion loss the previous year. Operating revenue fell to $68.1 billion, compared to $74.9 billion in 2008, the postal service said in a statement. Total mail volume dropped 12.7 percent to 177.1 billion pieces, it said.

In 2010, the USPS forecast a revenue decline of $2.2 billion and a net loss of $7.8 billion, based on the assumption that there will be no change in the number of delivery days per week, and no change in the current retiree health benefits payment schedule.

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