Postal Service Reports First Drop In Packages In Nearly A DecadeAugust 9, 2019
The U.S. Postal Service delivered fewer packages in the latest quarter for the first time in nine years, as companies such as Amazon.com Inc. and FedEx Corp. increasingly begin to deliver online orders to homes themselves.
The shift among the U.S. delivery giants is depriving the Postal Service, a quasigovernmental agency, of much-needed volume, which it has relied on for revenue as the financial picture in its legacy first-class mail business deteriorates.
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