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Postal Service May Seek Service Cut

Slump in revenue imperils Saturday deliveries

January 29, 2009

Potter was before Congress Wednesday reporting on postal needs. He told members of a Senate Subcommittee that in a "worst case scenario," the Postal Service might have to end the current six-days-a-week service, which, incidentally, is required by law.

Potter says total mail volume fell by more than nine billion pieces last year – a drop of 4.5 percent – compared to 2007. The drop in mail led to a $2.8 billion loss last year – significantly more than expected.

Potter told alarmed lawmakers that USPS losses for the current fiscal year could reach $6 billion or more. That would exceed USPS' current credit limit from Congress.

"We believe that legislative relief is necessary to preserve the nation's mail system," Potter said.

Besides a drop in business from the economy, the Postal Service continues to face growing competition from private delivery firms, such as Federal Express, and from electronic mail.

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