U.S. Postal Service Exec Testifies Before Congress
Fiscal Year 2013 saw its first revenue growth since 2008—up slightly to $66 billion from $65.2 the previous year—due to Priority Mail enhancement efforts and a partnership with Amazon to test Sunday delivery in select markets.
"The continued effects of the Great Recession on consumer and business behavior and the impact of digital diversion continues to negatively impact financial results. This is especially true for First-Class Mail, our most profitable product," Williamson said, noting First-Class Mail revenue dropped $704 million or 2.4 percent in fiscal year 2013.
Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.