The US Postal Service filed its February 2010 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income/ loss of $611 million. The total Fiscal Year to year loss is $1.5 billion ($592 million lost for the month of January, $179 Million gain the month of December; $255 million lost for November; $221 Million lost the month of October) .
 
 Mail volume was down across all classes except shipping services with an overall total decrease of 4.8%  First class mail volume was down by 9.4%, first class mail revenue was down by 7.3%.
 
 The Postal Service continues to reduce its workhours with Mail Processing and Customer Services/Retail showing the highest reduction of 12.1% and 11.3% respectively. City Delivery 3.8%, Rural Delivery 4.0%
 
 See Full Report via Postal Regulatory Commission website