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Postal Service posts $3.1 billion profit and debt drop
The U S Postal Service reports fiscal 2004 net income of 3.1 billion with debts down from 7.3 to 1.8 billion. Advertising mail rises while first class volumes fall, prompting rate changes likely next year. Rates promised not to rise until 2006, but flexibility sought amid pension and policy debates.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
Postal
Richard J. Strasser
Strasser
Congress
John Potter
Independent Postal Rate Commission