Postal woes grow as volume sinks

Steep operating losses from increased online competition and high overhead costs are leading the cash-strapped U.S. Postal Service to cut spending to avert bankruptcy.
Operating profits and losses since 2001
$4 billion 2 0 -2 -4 -6 -8 -10 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 -$5.1 billion

Total mail volume since 2001
250 billion pieces 200 150 100 50 0 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11

168 billion

SOURCE: U.S. Postal Service

AP

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