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UPS Running out of cash?
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July 6th, 2009UncategorizedPostal Regulatory Commission Chairman Dan G. Blair said that we could have a net operating deficit of $12.4 billion by the end of the year, based on a volume decline of 9.3 percent.
The loss for January alone was almost three-quarters of a billion dollars.
Blair also said that the analysis by the Commission shows "a cash shortfall by the end of the fiscal year." That means we might not have enough money to operate without a major change.
