ncreased fuel and labor costs drove the U.S. Postal Service's net income down to $900 million in its fiscal year ended Sept. 30.
The Postal Service earned $1.4 billion in 2005.
Fuel and transportation costs totaled $1.7 billion in 2006, or about $260 million more than anticipated, said H. Glen Walker, the postal service’s chief financial officer and executive vice president.
Total revenue was $72.8 billion, the postal service said Wednesday in a statement.
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