USPS Updates Dire Financial Position
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The current deep national recession has exacerbated erosion in First-Class Mail volumes due to a change in consumer preferences to electronic systems for instant messaging, invoicing and bill payment. Mail volume in 2009 is projected to be as much as 20 billion fewer pieces than in 2008. Still, mail volume in 2009 will be in the neighborhood of 170 billion pieces of mail.
To offset the current extremely difficult financial position, the Postal Service has successfully removed more than $6 billion in cost in 2009, including:
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- United States
- Washington
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