USPS Losses Deepen, Shortfall Looms
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Mailing services revenue of $14.0 billion decreased $568 million, or 3.9 percent, in the second quarter of 2011, compared to the same period a year ago. Mailing services volume of 40.7 billion pieces represents a 3.1 percent decline from the same period a year earlier. According to the USPS, revenue from Standard Mail was not sufficient to offset the loss of revenue from the reduced volume of First-Class Mail.
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- Patrick Donahoe
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