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Volume of U.S. Mail Continues to Drop

Investor’s Business Daily: The postal service is delivering itself into bankruptcy, audit shows. Declining business and rising expenses are not exactly a recipe for long-term business success, but that is exactly what’s going on at the U.S. Postal Service right now, the Government Accountability Office told a congressional panel on Thursday.

The GAO found that the volume of mail, particularly First Class, continues to drop as people increasingly migrate to texts and email, paying bills online and going paper-free for bank statements and the like.
But it also noted, “Key USPS expenses continue to grow…

Read More: Investor’s Business Daily

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