Postal Service experienced a 13 percent drop in mail volume last fiscal year, more than double any previous decline, and lost $3.8 billion. The projections anticipate steeper drops in mail volume and revenue over the next 10 years. For the first time, the agency is acknowledging that it seems unlikely mail volume will ever return to pre-recession levels.
end to Saturday mail deliveries, longer delivery times for letters and packages, increases in postage-stamp prices that exceed the rate of inflation, and -- possibly -- future layoffs.
wants Congress to reverse a 2006 law requiring the Postal Service to prepay its retiree health benefits, to the tune of $5 billion per year. No other federal agency or Fortune 500 company makes such payments, Potter said.
Click on the following for more details: Postmaster delivers bundle of bad news - washingtonpost.com
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