USPS Fails to Reach Agreement with Unions on Labor Contracts
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The drop in the economy coupled with the shift to digital communications has created the greatest loss in mail volume since the Great Depression. Mail volume peaked at 213 billion pieces in 2006 and plummeted to 170.6 billion in the fiscal year ending Sept. 30. Revenues shrank from $72.6 billion in 2006 to $67.1 billion. The 2010 net loss was $8.5 billion. By 2020, mail volume is projected to drop to 150 billion pieces.
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