Category Archives: Post Office

Postal Service pleads for help as losses continue

By doris | Published: February 9, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — The U.S. Postal Service renewed its pleas for congressional support Thursday as the floundering agency reported another massive quarterly loss. The Postal Service announced that it sustained a net loss of $3.3 billion in the last three months of 2011, as declining mail volumes and mounting benefit [...]

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Postal Service delays closings until May 15

By doris | Published: December 13, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service has agreed to hold off on closing any more post offices or mail facilities until May 15, 2012, to allow Congress time to work on a plan to save the service. The U.S. Postal Service agreed to voluntarily enact a moratorium on closures, after [...]

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USPS wants to limit next-day guarantee

By doris | Published: December 3, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service on Monday will announce a cost-savings proposal that would no longer guarantee next-day delivery of first-class mail. The financially troubled agency will present to its overseers a proposal to change its national standard for first-class mail to two-to-five days from one-to-three, according to interviews [...]

Also posted in Change, Economy, Financial, Mail | Leave a comment

Get ready to pay more for your mail

By doris | Published: November 22, 2011

Full Story at BottomLine.msnbc.msn.comThanks for your waiting for me to begin again. The cash-strapped U.S. Postal Service is raising rates for its more profitable express mail and priority mail shipping next year, part of its efforts to stave off bankruptcy. The new prices, which take effect Jan. 22, include the introduction of a new flat [...]

Also posted in Bankruptcy, Business, Conrtact, Economy, Financial, Google, Money | 1 Comment

The electronic nails in the post office’s coffin

By doris | Published: September 12, 2011

Full Story at msnbc.com As if the U.S. Postal Service weren’t already in enough financial trouble, a growing number of startups are about to make its future even more uncertain. They’re trying to lure one of its main revenue sources — the nearly 48 billion bills, statements, account notices and offers that companies send to [...]

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Postal job cuts would weigh on minorities, vets

By doris | Published: September 6, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — Should the Postal Service get its way on laying off thousands of workers, the cuts would weigh heavily on two segments of the population hard hit in recent years: minorities and veterans. The U.S. Postal Service, teetering toward default, wants the power to cut 120,000 jobs by voiding [...]

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Postal Service slides deeper into the red

By doris | Published: August 6, 2010

Full Story at msnbc.com WASHINGTON — The Postal Service was $3.5 billion in the red for the third quarter and may not be able to make a required payment for future retiree health benefits, the agency said Thursday. Losses for the April through June quarter were $1.1 billion more than the post office lost in [...]

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Post office proposes 2-cent rate hike

By doris | Published: July 7, 2010

Full Story at msnbc.com WASHINGTON — Buy those Forever stamps now. The cost of mailing a letter is going up again. Fighting to survive a deepening financial crisis, the Postal Service said Tuesday it wants to increase the price of first-class stamps by 2 cents — to 46 cents — starting in January. Other postage [...]

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Postal Service mulls dropping Saturday delivery

By doris | Published: March 3, 2010

Full Story at msnbc.com WASHINGTON – The post office is renewing its drive to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year. Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General [...]

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Postal worker buyouts deliver $500M in savings

By doris | Published: August 26, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — The Postal Service is making a total of $450 million in buyouts available to as many as 30,000 employees who agree to resign or retire this year. The agency said Tuesday it struck a deal with two postal workers’ unions, in which eligible employees would receive $10,000 this [...]

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Post office mulls closing hundreds of offices

By doris | Published: August 4, 2009

Full Story at msnbc.com WASHINGTON – A pillar of U.S. communities since the nation’s founding, the post office is facing the prospect of closings or consolidation of services at hundreds of locations amid a sharp decline in business due to e-mail. The Postal Service may register a loss of nearly $7 billion this fiscal year [...]

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Peel ’n’ weep: Stamps go up 2 cents Monday

By doris | Published: May 10, 2009

Full Story At  msnbc.com WASHINGTON – Peel it and weep: It’ll cost an extra 2 cents to mail a letter starting Monday. The price of a first-class stamp will climb to 44 cents, though people who planned ahead and stocked up on Forever stamps will still be paying the lower rate. It’s the third year [...]

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