Tough Economic Times Hurt Post Office

The Associated Press reports Postmaster General John Potter says the postal service could lose about $2 billion this year due to tough economic times.

According to the AP, Potter told the National Association of Postmasters of the United States (NAPUS) at their convention Monday in St. Louis that the postal service has to change to meet the demands of the American public.

Potter is quoted as saying that while little can be done about high gas prices, the postal service is working to control costs and increase business. He pointed to advertising through the mail as an area of potential growth.

Earlier this month, the agency said its fiscal 2008 year-to-date net loss totaled $1.13 billion.

Shown above, the NAPUS convention logo.

NAPUS is comprised of more than 42,000 postmasters, officers-in-charge and retired Postmasters. A National Office staff of full-time professionals works to promote the interests of Postmasters and OICs.

For a list of past and present Postmaster Generals, click here.