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Postal Service lost $1.3 billion in fourth quarter

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The U.S. Postal Service lost $1.3 billion in the final three months of last year despite a blizzard of campaign advertising for the fall political elections and a big holiday mail and shipping season. The loss announced today was far less than the $3.3 billion in the comparable quarter the previous fiscal year, but still showed the effects of a continued decline in first-class mailing as customers continue to ...

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