2012 Legislative Agenda : USPS, Elections Force Hands

The USPS posted a $5.1 billion loss for its 2011 fiscal year, a figure that would have eclipsed $10 billion had Congress not postponed its crippling $5.5 billion payment to pre-fund retiree health benefits. Mail volume dropped by 3 billion pieces over the previous year and profitability from First-Class Mail dipped 5.8 percent.