Shipping Services revenue of $8,132 million decreased $250 million, or 3.0%, in 2009 compared to last year, as volume declined to 1,381 million pieces. This was a decrease of 194 million pieces, or 12.3%, compared to 2008. All subgroups within Shipping Services experienced volume declines, with the exception of our Parcel Return Service.
Overall, the poor 2009 revenue performance reflects the severe effect of the economic recession.
In 2008, Shipping Services revenue increased $508 million, or 6.5%, compared with 2007, on 3.4% volume decline. Price increases offset lower volumes. Shipping Services includes our premium products such as Priority Mail and Express Mail, and produced 11% of revenue on 1% of the volume in 2008.
Additional discussion on volume and revenue projections can be found in the “Outlook” section of this report. Detailed data on Mailing Services product volume and revenue may be found in the Quarterly Revenue, Pieces and Weight reports on www.usps.com/financials/rpw.
