USPS Posts $5.1B Net Loss in Fiscal 2011

The red ink continues to flow at the U.S. Postal Service, which reported a net loss of $5.1 billion for the 2011 fiscal year. That loss was well below the worst-case scenario the Postal Service had projected earlier this year, but that owes to an act of Congress that postponed a statutory obligation to prefund retiree health benefits.