Scope (?):  All Topics
2 4 6
10 8 2
Hot or Not?

USPS Loses 8.5 Billion in 2010 - Looks to Close Over 2,000 Post Offices

submitted on January 25, 2011 by pablos17 in "Member's Lounge"
HOLMES MILL, Ky.—The U.S. Postal Service plays two roles in America: an agency that keeps rural areas linked to the rest of the nation, and one that loses a lot of money.

Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program that is already eliciting yelps of pain around the country. Beginning in March, the agency will start the process of closing as many as 2,000 post offices, on top of the 491 it said it would close starting at the end of last year. In addition, it is reviewing another 16,000—half of the nation's existing post offices—that are operating at a deficit, and lobbying Congress to allow it to change the law so it can close the most unprofitable among them. The law currently allows the postal service to close post offices only for maintenance problems, lease expirations or other reasons that don't include profitability.

Read more:

  • 99245
    5 3 2
    10 6 2
    Posted by midget on January 25, 2011
    [reply] 4 0
    Eighty-three specific post offices were approved for closing during the three months ending Nov. 15, more closings than in any quarter in the agency's history, according to the postal service. In addition, 408 post offices where service has been suspended for various reasons won't reopen amid the fiscal crisis, Mr. Granholm said.

    Some of those suspensions are being contested by the Postal Regulatory Commission, independent from the postal service and reporting to Congress, which is investigating whether the postal service has been illegally using reasons such as lease expirations to close small, underused branches. The agency has denied wrongdoing.
  • 99248
    2 3
    7 1 1
    Posted by orangearrows on January 25, 2011
    [reply] 2 0
    I thought their FLAT RATE boxes shipping was doing well.
  • 99283
    23 14 8
    12 10 2
    Posted by CouponNut on January 25, 2011
    [reply] 2 0
    They are closing many USPS where I live.

Leave a Comment (members Sign in to comment)


E-Mail (will not be published)

2 x 3 = ?


'Mr Green''Neutral''Twisted''Arrow''Eek''Smile''Confused''Cool''Evil''Big Grin''Idea''Red Face'



Browse by tags