USPS continues to report volume gains
Jim Cochrane, Manager of Package Services for the USPS stated at Bear Stearns Transport Conference that volume growth within its Priority and Express Mail, and Parcel Post producs (all of which compete with UPS, FedEx and DHL Amercias products) continues to trend positive. The USPS had learned its lesson from taking too large rate increases too close together when it raised Priority Mail prices by 30% in two years in 2001-2002. After shrinking for three years, Priority Mail and Parcel Post grew 2.8% (including 5.5% in March) and 8.4% last quarter.
