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Pinched at the post office
- Updated: June 15, 2008 - 10:33 PM
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PINCHED AT THE POST OFFICE
Every time the price of gasoline goes up a penny, it costs the Postal Service $8 million.
The post office operates the largest civilian fleet of vehicles in the country -- 215,000 motor vehicles -- and also faces rising costs for fuel from its contract carriers, including truckers and airlines.
Transportation cost the post office $6.5 billion in 2007, $500 million more than the year before.
"We are definitely feeling the pressure" from the rising price of fuel, Deputy Postmaster General Patrick Donahoe said.
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