Tagged: U.S. Postal Service (USPS)

Expect longer lines at mail centers Monday, Dec. 17 on what is expected to be the busiest shipping day of the year.  The deadline is also quickly approaching to mail your holiday cards and packages to ensure they make it to their destination by Christmas.

Transcript

LINDA WERTHEIMER, HOST:

Good morning. I'm Linda Wertheimer. The postcard begins: Dear Pauline and Theresa, we arrived safe. But the news was out of date. Sent from Rockford, Illinois, the card took 69 years to reach Elmira, New York. Pauline and Theresa's parents went to visit brother George at a military camp. They're all dead now, but another family with two girls lives at the Elmira address, and the card has become a seventh grade history project. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

The United States Postal Service reported a record $15.9 billion loss in fiscal year 2012. That compares to a $5.1 billion loss last fiscal year.

Bloomberg reports that the postal service is forecast to run out of cash by Oct. 15, 2013 when it is scheduled to make a workers compensation payment to the Labor Department. The Postmaster General Patrick Donahoe painted a grim picture when he announced the loss.