USPS Parcel Post volume losses continue, Express and Priority Mail see growth.
The US Postal Service released F1Q:05 (quarter ending December 31) results which include a look at preliminary Priority Mail, Express Mail, and Parcel Post statistics. Generally Parcel Post and to some degree Priority Mail
competes with UPS, FDX, and DHL’s ground parcel products. Express Mail competes with UPS, FDX, and DHL’s overnight air products. For the seventh quarter in a row, a y-o-y volume decline occurred within the USPS’ Parcel Post product which recorded a decline of 1.2% during F1Q:05. Comparably, UPS and FDX domestic ground products have grown y-o-y volume in the most recent quarters by 1.5% and 16.4%, respectively. Priority Mail volumes increased for the second quarter in a row by 2.4% year-over-year in F1Q:05. Similarly, Express Mail volumes were also positive, posting 0.6% year-over-year growth in the current quarter. This is the first time Express Mail volumes have improved on a year-over-year basis in the last fifteen consecutive quarters.
