Post Office

USPS to Cut Saturday Mail Delivery to Trim Budget Shortfall

he U.S. Postal Service will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion annually, the financially struggling agency says. The change will begin in August.

Could Same-Day Delivery Save the Post Office?

By 2015, the U.S. Postal Service is expected to be losing money at a rate of $20 billion a year. But the Post Office has a plan intended to help stop the bleeding -- or at least slow it down. Next week, it will begin testing a new same-day delivery service called "Metro Post."

U.S. Postal Service to Default on Second $5 Billion Retiree Payment

The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.

How the Postal Service Cuts Will Affect You

When Postal Service cuts take effect this spring, it will not only slow mail delivery, but eliminate the possibility of first-class letters being delivered in a day. Here's what you need to know about the changes, and some tips to keep you from going postal.

Junk Mailers Get a Break on Postage. You Don't.

Postmaster General Patrick Donahoe has announced his latest initiative to save the post office from bankruptcy. (Hint: Improving customer service isn't a part of it.) His master plan: Hike the cost of mailing a letter for real people, and cut prices for junk mail.

Would You Do Your Banking at the Post Office?

Could your bank teller could go postal? Offering basic consumer banking services in the form of prepaid debit cards is just one of many ideas the U.S. Post Office is considering to boost its bottom line. And even with stamp costs going up to 45 cents, the USPS is in dire need of outside-the-box solutions to its budget woes.

The Post Office Is Doomed. Some Say Good Riddance

If the USPS went into bankruptcy, would anyone care? Not according to former UPS board member Gary MacDougal, who argued in a scathing attack last week that "the rapid growth of email, online bill paying," and private parcel delivery firms like UPS and FedEx has made the Post Office obsolete. Statistics suggest he's right.

Mail Delivery Just Got More Interesting

As the U.S. Postal Service works feverishly to close its budget gap, UPS is taking advantage of the turmoil to highlight how much more innovative its brown-clad couriers can be, compared to their blue-suited cousins.

Postal Service Takes Debt Woes to Congress

Postmaster General Patrick Donahoe warned that the Postal Service is on "the brink of default" as he battles to keep his agency solvent. Without legislation by Sept. 30, the agency "will default on a mandated $5.5 billion payment to the Treasury," Donahoe told the Senate Homeland Security and Governmental Affairs Committee on Tuesday.

Before Wisconsin: Five of American Labor's Biggest Battles

Can you say image problem? For the first time in the more than 70 years that Gallup has been measuring the popularity of unions, in 2009 more than half the public didn't approve of them. The current showdown in Wisconsin has plenty of precedent when it comes to transformative moments for organized labor.

U.S. Postal Service May Close Thousands of Post Offices

The U.S. Postal Service is considering closing around 2,000 post offices across the country this year. This could put at least 10,000 government employees out of work. A short-term win as part of deficit reduction could be a long-term loss.

46 Cent Stamp? U.S. Postal Service Asks for Increase

The USPS has proposed a two-cent increase in the cost of first-class postage, which would push the stamp to 46 cents. If approved, the hike would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.

Post Office to Announce Rate Increases as Losses Mount

The post office will today announce new mail rates in a bid to generate more revenue after posting a massive loss in 2009. Rates for first-class and other types of mail will rise, The Associated Press reported. The rate increases are subject to review by the independent Postal Regulatory Commission.

Losing Money Isn't the Postal Service's Only Problem

Faced with an estimated $7 billion shortfall in 2010, the United States Postal Service is contemplating radical cuts that would eliminate Saturday mail delivery and raise the cost of postage. But to really turn the USPS's problems around, it will either need to be directly funded by the government or it needs the freedom to set its own prices, policies, and hours.