USA Post Office Reports Loss

The USPS has reported a net loss of $2.8billion for fiscal year ending September. The service blamed this loss on the economic slow down, additional costs, and the gradual popularity of the Internet. 202.7billion pieces were mailed, this represents a decline of 9.5billion pieces or 4.5% from 2007. In that the majority of mail consists on paper in some form, also translates into less paper demanded.