The Postal Service spends approximately $13 billion each year with contractors, most of whom are also customers of the Postal Service. Meanwhile, the Postal Service has experienced the most significant mail decline in its history. Mail volume fell by 9.5 billion pieces in fiscal year (FY) 2008. The economic stress of current times is a major factor in this decline, and additional Postal Service revenue is lost when major businesses merge and combine their customer mail base.
A lot of things changed in 2020. One was an unprecedented increase in online shopping. People who’d never done it before dove into internet shopping. For those who already shopped online, they shopped more. As a result, the Postal Service, and other parcel delivery companies, quickly adjusted to...Read More