USPS Posts Revenue Increase But Has Net Loss in First Quarter
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Total volume in this quarter declined 600 million pieces. However, shipping and packing volume increased 12.8 percent, standard mail volume increased 3.5 percent—due to about a billion piece increase in political mail volume—and first-class mail volume declined 1.1 percent. While first-class is the most profitable product, USPS has been focusing on growing the other two segments due to first-class mail's decline.
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