What might be less obvious is that it has been asking for permission to do that since 2009, during which time total mail volume has fallen more than 5% and First-Class volume has drop by more than 12%.
Charges taken in connection to a mandate to prefund retiree health care drove the loss in the latest quarter, but declining first-class and advertising mail volume were a drag on revenue.
Such strategic initiatives, combined with high population growth rates and an expanding middle class in emerging markets like China and India, could provide Kimberly Clark with sizable long-term volume growth rates.