FAST FIVE: USPS Reports First Drop In Package Volume In Nearly A Decade 

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Package delivery volume declined in 2Q19 for the first time since 2009.

The USPS has experienced diminishing revenues for years even though they deliver packages to at least a million new addresses per year.

The increased competition, largely from private shippers, has made the marketplace more competitive, leading to lower shipping rates that have financially stressed USPS.

The Journal said USPS delivered 3.2% fewer packages for the quarter ended June 30.

Postmaster General Megan Brennan said Friday that other delivery players are convincing shippers to switch to their networks, noting that they're “aggressively pricing their products and services in order to fill their networks and grow package density.” Brennan added, “That said, we are constantly adapting our competitive posture to counter emerging developments.” The USPS will likely notice higher package volume declines through 2020.

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