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Posted: Tuesday, 17 November 2009 5:55AM

U.S. Postal Service Still Struggling



SAN JOSE, Calif. (KCBS)  -- Despite massive cutbacks, including the reduction of 40,000 employees, the United States Postal Service is still losing huge amounts of money.

The organization may be looking at closing 370 post offices nationwide, including eight here in the Bay Area, frustrating many customers.

"It's real convenient for me because I only live about a mile away," said customer Liz Moore.

ListenKCBS’ Mike Colgan Reports

But Moore said even she only goes to the post office on rare occasions now days.

Postal service spokesman Gus Ruiz said they handled 25 billion fewer pieces of mail in the fiscal year that just ended.

"More of our businesses are mailing less, they're advertising less and 90 percent of our mail volume is business-related," Ruiz said. "It's business-to-business, business-to-consumer, consumer back to business. 10 percent of it is basically the everyday user which really isn't a significant buy-in base for us."

The U.S. Postal Service ended its 2009 fiscal year $3.8 billion n the red.

 

(kmi)


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