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Postal Service had $740 million third-quarter loss

By Andrew Miga
Published August 9, 2013 9:43pm ET
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Postal Service had $740 million third-quarter loss
FILE - In this Thursday, Feb. 7, 2013, file photo, U.S. Postal Service letter carrier of 19 years, Michael McDonald, gathers his belongings in the East Atlanta post office before making his delivery run, in Atlanta. The Postal Service said Friday, Aug. 9, 2013, that it trimmed its losses to $740 million over the last three months by consolidating processing facilities, cutting hours for workers and post offices and reducing workers' compensation costs. (AP Photo/David Goldman, File) | David Goldman

WASHINGTON (AP) — The Postal Service has trimmed its losses to $740 million over the last three months by consolidating processing facilities, cutting hours for workers and post offices and reducing workers’ compensation costs, the agency said Friday.

Still, year-to-date, the Postal Service had losses totaling $3.9 billion, and the agency said that without help from Congress its financial woes will worsen.

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