Sentences with phrase «mail volumes decline»
Post administrations around the world, including Canada Post, have seen traditional mail volumes decline in recent years.
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It blamed prolonged negotiations, the union's strike mandate and the financial cost of a rapid decline in mail volume.
Most of the losses are due to a decline in mail volume and a congressional requirement that it make advance payments to cover expected health care costs for its future retirees.
This decrease was largely driven by volume declines in First - Class and Marketing Mail, higher normal cost of retiree health benefits expenses of $ 140 million and higher transportation expenses of $ 109 million, partially offset by a reduction in compensation and benefits expenses of $ 91 million.
Many post offices have added or expanded financial services to lessen their dependence on declining mail volumes and revenues.
It is currently facing an annual decline in mail volumes of 10 per cent.