Carmakers' Volume Goes Up, Post Office's Goes Down

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Chrysler will announce plans to add more than 1,000 jobs at an assembly plant in Toledo, Ohio, Wednesday. Meanwhile, the U.S. Postal Service says it could run out of money next year.


Today, Chrysler is expected to announce plans to add more than 1,000 jobs at an assembly plant in Ohio. Local officials there have reportedly signed off on tax incentives for the plant expansion in Toledo. It's where Chrysler makes the Jeep Liberty and Wrangler.


Auto companies have been doing more business this year than in past years. Volume for automakers may be going up but that is not the case for the postal service. Total mail volume continues its decline as more Americans shift to the Internet for bill paying and other communications. And the U.S. Postal Service is still deep in the red. Yesterday, USPS executives announced $5.1 billion in losses in the last year. They say those losses could force them to run out of cash next year. The postmaster general is urging Congress to allow the mail service more flexibility in its finances and to close more branches and also to drop Saturday delivery.

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