CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Subscribe to Real Money Newsletter Subscribe to Money Magazine Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Subscribe to Money Magazine Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Questions & Answers Innovation Nation Small Business Video 50 Best Places to Launch Resource Guide Next Little Thing Subscribe to Fortune Magazine Fortune 500 Brainstorm Tech Investing Management Executive Interviews Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Postal Service sees fewer holiday packages

Normally the busiest time of the year, the U.S. Postal Service says the pace is down.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

WASHINGTON (CNN) -- The last Monday a week before Christmas has traditionally been the busiest day of the year for the U.S. Postal Service and people mailing holiday packages, but officials say the pace is down this year because of the economy.

"Yes, we have seen somewhat of a downturn but it's still a little bit early in our season to predict just how much it will impact us," said Yverne Pat Moore, postmaster for Washington, D.C.

She spoke at what normally is the busiest post office in her region, but only a handful of people were in line at the front counter Monday morning. In the back of the facility, handlers had comparatively smaller piles of parcels stacked up awaiting long-haul delivery trucks.

"Obviously we, like the rest of the economy, are seeing a little bit less in terms of the packages," Moore said. Nationwide, "we're forecasting maybe 19 billion pieces" for the period, she said, about a billion pieces fewer than normal.

She said volume has also been hurt by Internet shopping and online outlets that ship directly, often using competitors to the Postal Service to deliver merchandise.

Moore suggested DHL's withdrawal from the domestic U.S. market in recent months has brought some business back to the Postal Service.

And Moore disputed the notion electronic holiday cards would soon replace the annual mailing of season's greetings. She told CNN "more and more customers are finding that the personalization of sending that card to a residence has really found its mainstay in America. And so people are sending the cards." To top of page

Features
Markets Last Change
Dow Jones 10,058.64 150.25 / 1.52%
Nasdaq 2,150.87 24.82 / 1.17%
S&P 500 1,070.52 13.78 / 1.30%
10-year Bond 97 25/32 Yield: 3.64%
U.S.Dollar 1 euro = $1.377 -0.002
February 9, 2010 12:00 AM ET
CompanyPrice% Change
UAL Corp 15.38 17.67%
AMR Corp 8.27 12.98%
Continental Airlines Inc 19.23 10.79%
US Airways Group Inc 6.43 8.43%
Feb 9 3:54pm ET †
More Galleries
Buy Scarlett Johansson's hilltop manse Even starlets are subject to the faltering real estate market. Just three years after buying her Los Angeles home, Johansson is selling it for $2 million less than she paid. More
5 sages read the future of print What becomes of the printed word? What's the fate of companies that produce periodicals and books? Here's what 8 media and tech luminaries think. More
I stopped looking for work The number of discouraged job seekers is at an all time high. These readers tell us what it's like to give up on the job search. More
Sponsors

© 2010 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2010 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.