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Postal Service loses money despite customer increase
The U S Postal Service delivers mail to about 11 million homes and businesses but faces rising costs and shrinking revenue. Experts note mail volume fell from a 2006 peak to 213.1 billion pieces in 2006, with revenue dropping to 5.2 billion, while labor and delivery costs remain a fixed burden. Analysts see growing addresses as potential opportunity if the agency adapts to changing times.
MENTIONED IN THIS ARTICLE
Washington, D.C
U.S. Postal Service
United States
Rick Ged
Argest
Postal Service
Sue Brenna
Brennan
Commerce Department
Scott van Carrier
Milwav