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According to the article revenue from advertising (junk mail) is down 40% while local businesses are mostly closed.
by SteveJS 6y ago
According to the article revenue from advertising (junk mail) is down 40% while local businesses are mostly closed.
- Exmoor 6y agoThis is an anecdote not data, but I've heard several USPS delivery folks mention that a lot of long-tenured drivers decided to take vacation and sick time when the lockdown started ramping up. This has caused other drivers to pick up the slack so there may be a lot of overtime getting paid out.
- 0xy 6y agoThis doesn't wash. If advertising is down 40% and parcel services are up 150%, that's a substantial revenue increase overall. https://about.usps.com/who-we-are/financials/annual-reports/fy2018.pdf https://about.usps.com/who-we-are/financials/annual-reports/... I can't get the numbers to add up here. Even with letters down, advertising down then their revenue should either be flat or have a slight increase based on my guesstimate for their increase in parcel business.