'We are not financially strong': USPS reports 12th year of net losses




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Summary: Like a letter that never reaches its destination, the Postal Service announced its 12th straight year of net losses. The agency ended fiscal 2018 nearly $4 billion in the red. But it expects better financial outcomes in the new year. Come January, the price of a first-class stamp will go up by 5 cents. That’s the biggest increase of its kind since 1991. Still, the Postal Service says rate hikes will only get the agency so far. Federal News Network’s Jory Heckman has more.