Postal Service plunging into the red as virus slashes mail volume

Apr 10, 20200

Gabriela Bhaskar – New York Times count

FILE -- A post office employee picks up mail from a mailbox in the Bronx on March 28, 2020. The Postal Service needs billions to continue funding its operations and make other payments, the agency told lawmakers.

WASHINGTON – The coronavirus pandemic is ravaging the U.S. Postal Service, with mail volume down by nearly a third already compared with same time last year and dropping quickly, as businesses drastically cut back on solicitations, advertisements and all kinds of letters that make up the bulk of the mail service's bottom line.

The falloff comes even as package delivery has surged - but not by nearly enough to offset the losses from mail volume.

https://www.startribune.com/postal-service-plunging-into-the-red-as-virus-slashes-mail-volume/569524392/