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But if you have any information, you are urged to call them right away. Reporting live in redding, im jody hernandez, nbc bay area news. We are constantly updating our digital platform and we posted raw video and you can find it on nbcbayarea. Com. We had turkey yesterday, and it is shopping today. This is a live look from our helicopter over the Valley Fair Mall in san jose. It is packed to the gills. Black friday in full swing. You may remember that last weekend shoppers who went to valley fair got stuck in the parking lots for hours because of mistimed lights. Today on the ground, Police Officers trying to deal with the traffic. But the traffic is still a mess. So many people at the mall and on the roadways. More on the black friday rush coming up in less than 15 minutes. Well take you back out there, live. Traffic always made worse by bad weather. Our top story tonight ....
Mail, they face an unprecedented financial crisis. Since 2006, mail volume has declined more than 25 or about 60 billion of pieces of mail annually. Theyve lost money for nine straight years. They face mounting longterm financial challenges. They have 54 billion for retiry health care and has exhausted its statutory debt limit and it lacks the funds it needs for critical infructure investmeinv. And a Delivery Fleet think about all the millions and millions of postal boxes that need somebody to come deliver the mail to them. It is a miraculous thing that for less than 50 cents, you can put a stamp on an envelope and a day or two or three days later, its going to show up at another address in the country. It really is truly amazing. But if youre going to purchase new delivery vehicles, youre going to need money and its something that the Postal Service does not have. In the mea ....
Thank you. I think its time for the Postal Service to act as a private business has to act in similar situations of constantly losing money without relying upon the taxpayer. At some point weve got to change. Mr. Chairman, i thank you for your indulgence. Thank the gentleman. Will recognize the gentleman from california for five minutes. Postmaster brennan, last october the u. S. Postal Inspection Service issued a release about mail theft. And it said that these crimes are increasing and that mail theft from collection boxes and customers mailboxes is a big problem. It also says most cases of mail theft from centralized mailbox units involve counterfeit master keys. So, two questions for you. One is when you talk about right sizing, are you reducing u. S. Postal Inspection Service numbers at all . And does that h ....
Apparently thats Old Fashioned now. So do you see that expanding more . Yes, congressman cummings. Not my thing. Im talking about absolutely. Hypergrowth. Hypergrowth. The challenge is its a very competitive delivery space. We compete for customers every day. Its the value proposition. Competitive pricing, transit time performance and visibility. And the Postal Service has made investments in all of those components to insure we improve our competitive standing. We need to recognize while our strength is last mile delivery, were challenged there. The socalled uberization of Package Delivery is very competitive. We recognize we have to compete for that business. The challenge ultimately for us, the package growth alone wont offset the losses in firstclass volume. Hence the need to address the legacy costs specifically lo ....