Shipping and package volume moved by the U.S. Postal Service declined by 14.1% year-on-year in its fiscal year 2021 third quarter as a surge in demand for package delivery services began to slow, the quasi-governmental agency said Friday.
Revenue for that sector of the Postal Service’s business also fell in the quarter compared to 2020, by $646 million, or 7.8%. Despite those decreases, its shipping and package volume is still higher than pre-pandemic levels.
“We believe consumer behavior has...
https://www.freightwaves.com/news/postal-service-reports-3-billion-year-on-year-loss