Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/15/2013 (2 years ago)

Catholic Online (

Figure is still an improvement over 2012's figures

The United States Postal Service, or USPS reported a fiscal-year loss of $5 billion over the past 12 months. While that seems like an astronomical sum for money, it's actually far narrower than the $16 billion loss it posted in 2012.

In another dent on the agency's coffers, first-class mail, or stamped mail, its most profitable product, fell by 2.8 billion pieces in 2013.

In another dent on the agency's coffers, first-class mail, or stamped mail, its most profitable product, fell by 2.8 billion pieces in 2013.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

11/15/2013 (2 years ago)

Published in Business & Economics

Keywords: united States Postal Service, stmaps, Internet, deficit

LOS ANGELES, CA (Catholic Online) - The agency says that while its 2013 fiscal-year loss narrowed from nearly $16 billion in the prior year, it's the seventh straight year the agency has reported a net loss.

The federal agency did say it has benefited from growth in its shipping and packages business. In addition, an aggressive cost-cutting which included a drastic reduction in employee hours led to the lesser deficit.

AFTER THE UNSPEAKABLE, WE SPEAK HOPE. Support Catholic Online's response to Typhoon Haiyan in the Philippines. DONATE NOW ...

While the Internet has been blamed for "snail mail's" downfall, package services have remained a promising business as more people shop online and need carriers to deliver the goods. Package volumes grew by 210 million pieces this year.

The Postal Service has since announced a potentially lucrative partnership with online retail giant Inc. The two will be working to deliver packages on Sundays in larger cities such as New York and San Francisco.

Fin a further attempt to put a positive spin on things, for the first time since 2008 operating revenues rose. The USPS said that figures raised to $66 billion from $65.2 billion last year.

There was no denying that this was the seventh consecutive year of overall USPS losses as first-class mail volumes feel. The majority of Americans prefer communicating and paying bills electronically.

In another dent on the agency's coffers, first-class mail, or stamped mail, its most profitable product, fell by 2.8 billion pieces in 2013.

The USPS is also struggling to make massive payments into its future retirees' healthcare fund, which was mandated by Congress in 2006.

Seeking legislative relief from the healthcare pre-funding mandate, the USPS has also sought flexibility to innovate and find other ways to raise revenues. The "magic wand" for this crisis has yet to appear.

With few days left on the U.S. Congressional calendar, it was unlikely any bills addressing USPS issues will pass by year's end.

A birth foretold: click here to learn more!


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

Three BILLION barrels of excess oil available now - but is this a good thing? Watch

Image of Inflated inventories and oil wealth has spread globally, from the United States to the developed economies of Europe, and now China, according to the agency.


With the price of gas comfortably lower than $3 a gallon at many gas pumps across the land, consumers are enjoying a price break. The reason behind this windfall is largely because there are now more than three billion barrels of excess oil in the world. This ... continue reading

HARD NEWS HEADED FOR EXTINCTION! Filters turning off certain information imperil journalism Watch

Image of Daily newspapers have gone from nearly 1,800 in 1945 to about 400.


Newspapers, along with print media in general is in rapid decline - while Internet news, groomed and curried for special interest groups is on the rise. The fallout is that hard news, presented objectively is in dire threat of virtual extinction. "Opinion ... continue reading

The 'WAR ON CHRISTMAS' continues as Starbucks' new seasonal cups spark public outrage Watch

Image of Starbucks is the center of a mass controversy when it decided to release plain red cups this holiday season instead of its traditional Christmas and general holiday-themed cups (Rozzieland blogs).


When coffee giant Starbucks released red cups in place of their traditionally holiday-themed cups this winter, Arizona-based evangelist Joshua Feuerstein cried bigotry. LOS ANGELES, CA (Catholic Online) - In a Facebook video rant, Feuerstein wrote, "I think in the age ... continue reading

Pretty much all you could ask for from the month of October - unemployment at five percent, new hires Watch

Image of The 271,000 jump in payroll was surprisingly robust, far better than the Labor Department expected last week.


"It was pretty much everything you could ask for in a jobs report," Michelle Meyer, deputy head of United States economics at Bank of America Merrill Lynch says. Unemployment was at five percent and there were significant job hires for the month of October. ... continue reading

Invest as a Catholic - without selling your soul! Watch

Image of

By Kevin Jones (CNA News)

For Catholics who want to invest in a retirement plan but hesitate for fear of unintentionally supporting causes contradicting their faith, a financial advisor group is now offering a new option. Washington D.C. (CNA) - "We'd like to see every Catholic organization ... continue reading

SOMETHING IS BREWING: Agreement could lead to biggest beer deal - and top five business deals EVER Watch

Image of The prevailing trend among younger beer drinkers is for smaller, more specialized labels from independent breweries. In response, bigger beer brands are struggling to hold on to their market share.


Something big is brewing in the world of brew. AB InBev or Budweiser is offering SABMiller shareholders $67.59 per share. The maker of Miller Lite, Pilsner Urquell and Peroni, this represents a premium of roughly 50 percent over the share price. The agreement, ... continue reading

Overworked Wall Street employees experience seizures, are hospitalized, and have died Watch

Image of John Hughes in Thomas' bedroom (Damon Winter).


Wall Street has always been a very demanding place to work and with recent work-related deaths, it seems that Wall Street must find a way to provide work-life balance to its employees.  NEW YORK CITY, NY (Catholic Online) - Thomas Hughes was a 29-year-old ... continue reading

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Bet you've never seen a space rocket do THIS!
  • St. James Intercisus: Saint of the Day for Friday, November 27, 2015
  • UPDATE: Did the U.S. military actually know they were bombing the ...
  • Prayer For Courage HD Video
  • The Miracle Prayer HD Video
  • Happy Thanksgiving Day: Give Thanks with a Grateful Heart
  • Daily Readings for Friday, November 27, 2015

Daily Readings

Reading 1, Daniel 6:12-28
12 These men came along in a body and found Daniel praying and pleading ... Read More

Psalm, Daniel 3:68, 69, 70, 71, 72, 73, 74
68 Bless the Lord, dew and snow-storm, praise and glorify him for ... Read More

Gospel, Luke 21:20-28
20 'When you see Jerusalem surrounded by armies, then you must realise ... Read More

Saint of the Day

Saint of the Day for November 26th, 2015 Image

St. John Berchmans
November 26: Eldest son of a shoemaker, John was born at ... Read More