As technology continues to innovate households are moving away from hand written letters, greeting cards and paper bill paying which has been detrimental to the U.S. Postal Service. The numbers of written letters and greeting cards has dropped by 80 percent since 1987, and as the option online bill paying has become more popular, mailed bills have dropped from 75 percent to 40 percent. Which has increased online billing paying from 17 percent to 56 percent.
Although these forms of first-class mail are becoming much less desirable, online shopping’s popularity has gone through the roof. Amazon recently struck a deal with the U.S. Postal Service announcing that they will be providing Sunday package delivery to New York and Los Angeles and plans to expand to other cities next year. This deal provides the USPS with a badly needed new revenue stream after a $15.9 billion loss last year largely due to the significant decrease in the use of first-class mail.
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