The Postal Service has posted net losses in 10 of the last 11 fiscal quarters. USPS attributes its losses to a decrease in mail volume brought on by the ailing economy. Postal Service Total Factor Productivity dropped by 2.0% in 2Q09 -- one of the sharpest declines in TFP in the last decade.
http://lexingtoninstitute.org/docs/q2_fy09_trendwatch.pdf
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