The Nation - News from Jan. 7, 1987

The U.S. Postal Service operated in the black in fiscal 1986 and will hold postal rates at current levels this year, Postmaster Gen. Preston R. Tisch said. In an annual report to the Postal Service’s Board of Governors, Tisch said the agency made $304.6 million in the fiscal year that ended in September, rebounding from a loss of $251 million in 1985. Cost controls and increasing volume and revenues were cited for moving the agency back into the black, where it had been the previous three years, he said. He declined to speculate on prices after this year.