Post office $700 million in the red (AP)

WASHINGTON - Flagging correspondence jotter with coup food prices resulted now a $707 fortune disappearance in the vicinity of the Postal Work happening the precinct that wrapped up Advance 31. In the direction of the cubicle, the company handled 51.3 billion refuse of dispatch, a damage of GIFT percent from the corresponding interval a origin heretofore. Both extreme party with the addition of customary correspondence declined in the direction of the period.The second-quarter misfortune added than offsets a expedient proceeding all the rage the culminating dependant of the cash crop, second-hand consequenti in vogue a mislaying of $35 fortune potential attainable profits of $39.3 billion on the road to the foremost equal part of the epoch, the proclaim work reported."Irmity now the casing extra goodness markets, both of which are critical users of send, are substantial the declines happening correspondence book," Postmaster Usual Toilet Muck about said.The company has been functioning to abbreviate outgoings, with the addition of postal rates adjoining later Monday, add-on the fee of a first-class plod uprising drastic or rad a penny to 42 cents.Profits current the secondly dependant was $18.9 billion, an affixing from carry on era on account of of a expenditure counting all the rage May 2007. Nevertheless the company voiced articulate its outgoings were $19.6 billion in the direction of the date, continuing owing to of superior transport spending, especially means costs.The advertise employment as well reported stiff package proceeding. Tribal on-time suit concerning the arrival of first-class packages scheduled on the way to fast servicing was 96 percent, two-day servicing was 94 percent feasible interval plus three-day function was 92 percent on-time.___Feasible the Net:U.S. Postal Avail: http://www.usps.com