×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

USPS begins new year with $139 million loss

Published on .

Washington, D.C.—The U.S. Postal Service posted a $139 million loss for October, the first month of its 2012 fiscal year. That compares with a net profit of $283 million in the same period last year. Total mail volume for the month was off by 10.1% year-over-year, with revenue down 5% to $5.7 billion as users accelerated their use of alternate digital communication channels. Standard mail, used most often by commercial mailers and which had been growing steadily, fell in volume by 12.4% in October versus the year-ago period, to 8 billion pieces, with revenue off 10.2%, to $1.7 billion for the month. The lone bright spot was shipping, with volume rising 34.6% to 166.5 million pieces for the month, and revenue up 17.0%, to $863.2 million.
Most Popular
In this article: