UPDATED 13:41 PM EST, February 8, 2013
WASHINGTON (AP) — The U.S. Postal Service lost $1.3 billion in the final three months of last year despite a blizzard of campaign advertising for the fall political elections and a big holiday mail and shipping season.
The loss announced Friday was far less than the $3.3 billion in the comparable quarter the previous fiscal year, but still showed the effects of a continued decline in first-class mailing as customers continue to flock to the Internet for emailing, bill paying and the like.
