Postal Service Loses Money Despite Customer Growth - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Postal Service Loses Money Despite Customer Growth

Posted: Updated:

WASHINGTON (AP) - What business gets more customers every year, yet keeps losing money?
    
It's the U.S. Postal Service.
    
The agency delivers mail to 11 million more homes, offices and other addresses than it did a decade ago - even as the amount of mail people in the United States receive has fallen sharply.
    
The number of new addresses had been rising by roughly 2 million almost every year since 1989. But that was cut in half to 1 million or less during the recession and housing crisis this decade.
    
With the economy improving, the constant march upward in the number of places the postman has to travel is expected to accelerate.
    
At the same time, total mail volume is declining. Analysts say that combination could be financially dicey for the Postal Service.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • National NewsMore>>

  • UPDATE: President condemns "barbaric murder" of David Haines

    UPDATE: President condemns "barbaric murder" of David Haines

    Saturday, September 13 2014 8:50 PM EDT2014-09-14 00:50:23 GMT
    BEIRUT - President Obama responded to the alleged beheading of British Aid worker David Haines Saturday. The President said in a statement, "The United States strongly condemns the barbaric murder of UK citizen David Haines," according to NBC News. New video claims to show the beheading of Haines by Islamic State group ISIS. Haines went missing in Syria last year.More >>
    BEIRUT - President Obama responded to the alleged beheading of British Aid worker David Haines Saturday. The President said in a statement, "The United States strongly condemns the barbaric murder of UK citizen David Haines," according to NBC News. New video claims to show the beheading of Haines by Islamic State group ISIS. Haines went missing in Syria last year.More >>
  • Women's colleges consider transgender applicants

    Women's colleges consider transgender applicants

    Wednesday, September 10 2014 6:31 PM EDT2014-09-10 22:31:35 GMT
    BOSTON (AP) - Women's colleges are revisiting policies around enrolling transgender students. Mills College in Oakland, California, recently became the first women's college to issue a written policy saying it would accept undergraduate applications from "self-identified women" in the coming academic year.More >>
    BOSTON (AP) - Women's colleges are revisiting policies around enrolling transgender students. Mills College in Oakland, California, recently became the first women's college to issue a written policy saying it would accept undergraduate applications from "self-identified women" in the coming academic year.More >>
  • Snoozing burglar busted by cops

    Snoozing burglar busted by cops

    Wednesday, September 10 2014 6:30 PM EDT2014-09-10 22:30:18 GMT
    NOKOMI, Fla. (AP) - Talk about a heavy sleeper. Police say an accused burglar stayed snoozing next to a bag of jewelry he was swiping from a home despite deputies snapping pictures of him.According to the Sarasota County Sheriff's Office Facebook page, a cleaning lady discovered 29-year-old Dion Davis on a bed inside.....More >>
    NOKOMI, Fla. (AP) - Talk about a heavy sleeper. Police say an accused burglar stayed snoozing next to a bag of jewelry he was swiping from a home despite deputies snapping pictures of him.According to the Sarasota County Sheriff's Office Facebook page, a cleaning lady discovered 29-year-old Dion Davis on a bed inside.....More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.