USPS limps away from FY 2020

The U.S. Postal Service (USPS) reported Friday strong fiscal year 2020 increases in shipping and package volumes but said any lasting gains in the segment are unlikely to ever offset the top-line damage the COVID-19 pandemic has wreaked on demand for its first-class and marketing mail products.

In a reflection of the extraordinary events that have turned the package-delivery business upside down, USPS’ shipping and package revenue of $28.5 billion exceeded first-class mail revenue for the first...

https://www.freightwaves.com/news/usps-limps-away-from-fy-2020

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