Business Post says losses from franchise network to cut opg profit ...

I don't understand how revenues for a parcel-post-type business can be down in this internet age. Aren't the revenues at FedEx and others still increasing?

LONDON (AFX) - Parcel and mail delivery firm Business Post Group PLC said losses from its franchise network would cut operating profits by 3 mln stg this year ...

Link: Business Post says losses from franchise network to cut opg profit ...