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Most of the decrease in mail volume is attributable to the worsening recession, which has adversely affected all classes of domestic mail. First-Class Mail volume decreased by 1.8 billion pieces and Standard Mail volume was down 3 billion pieces in the first quarter.
If current revenue and volume trends continue, the Postal Service could experience a year-end net loss significantly higher than last year's $2.8 billion loss. The Postal Service is a reflection of the economy, in general. Retail sales, employment and investment spending are all significant indicators of mail demand. All three of these indicators are projected to decrease significantly in 2009.
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- Companies:
- United States Postal Service
- People:
- John Potter
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