post office closures

The Post Office's Plan: Worse Service, Higher Prices

The USPS is still running in the red, and facing an $18.2 billion annual deficit as early as 2015, The Postal Service's solution in a nutshell: Give customers worse service, and charge them more for it. Where have we heard this before? (Hint: the airline industry.)

Postal Service Delivers the Bad News About Closures

In a last-ditch effort to save itself from bankruptcy, the Postal Service is forging ahead with plans to close half of its 500 mail processing centers and roughly 3,700 of its post offices. The result: Deliveries will take longer.

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.

Without a Makeover, Postal Service Is Doomed

On Tuesday, Postmaster General Patrick Donahoe went before the Senate Homeland Security and Governmental Affairs Committee to plead for a government bailout. USPS is losing $9.2 billion a year and is currently on track to lose $20 billion annually by 2015. How can it be saved?

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.