House passes bill to let struggling Postal Service use retirement fund to cover shortfallSeptember 15th, 2009 House votes to prevent Postal Service shortfallWASHINGTON — The House voted Tuesday to let the struggling U.S. Postal Service cover a budget shortfall by reducing its annual payment to a health care fund for retirees by $4 billion.
Number of postal retail outlets facing possible closure reduced to 413September 2nd, 2009 Postal facilities facing closure narrowed to 413WASHINGTON — The Postal Service has narrowed the number of offices facing possible closure to 413. Struggling with a sharp decline in mail volume caused by the recession and the movement of traditional mail to the Internet, postal officials say the agency could have a deficit as large as $7 billion this year.
Check in the mail? No, the garage: Thousands of pieces discovered at Mich. carrier's homeSeptember 1st, 2009 Mailman charged after thousands of pieces foundDETROIT — Federal agents say they've recovered more than 20,000 pieces of mail from a suburban Detroit postal carrier who stored them in his car, kitchen and garage instead of delivering them. Thirty-seven-year-old James Stempnik Jr.
Postal Service offers $15,000 buyouts to workers eligible for retirement or willing to quitAugust 25th, 2009 Postal Service offers $15,000 buyouts to cut costsWASHINGTON — The Postal Service is offering $15,000 buyouts to employees in an effort to cut costs at a time when the post office is being buffeted by the recession and the popularity of e-mail and electronic bill payment. Up to 30,000 employees could take the offer at a total cost of about $450 million, the agency said Tuesday.
Appeals court reverses earlier ruling, says Conn. postal facility can display religious itemsAugust 21st, 2009 Court: Religious items OK in Conn. postal facilityMANCHESTER, Conn.
US Postal Service proposes changes rule to declare cockfighting advertising 'unmailable'August 6th, 2009 US Postal Service proposes cockfighting ad banLITTLE ROCK, Ark. — The U.S.
Recession, e-mail, online bill payment add up to $2.4B quarterly loss for post officeAugust 5th, 2009 Less snail mail, more red ink at post officeWASHINGTON — Buffeted by the recession and the popularity of e-mail and electronic bill payment, the Postal Service lost $2.4 billion from April through June, officials said Wednesday. That brings the year's losses so far to $4.7 billion.
Postal Service posts $2.4B loss in third quarter, looking to close offices to cut costsAugust 5th, 2009 Post office's losses reach $2.4B for third quarterWASHINGTON — Buffeted by the recession and the popularity of e-mail and electronic bill payment, the Postal Service lost $2.4 billion from April through June, officials said Wednesday. That brings the year's losses so far to $4.7 billion.
Facing billions in losses, postal officials consider closing or consolidating post officesAugust 4th, 2009 Postal Service considers closings, consolidationWASHINGTON — 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.
Local postal stations may be on chopping block as post office faces large lossesAugust 3rd, 2009 Post office looks at changing hundreds of officesWASHINGTON — The local post office long has been the center of many American communities, but with people turning increasingly to the Internet to send messages and pay bills, financial losses are forcing the Postal Service to consider consolidating or closing hundreds of local facilities. The post office is facing a $7 billion loss this year despite a 2-cent rate increase.
GAO lists Postal Service as a troubled agency in need of immediate actionJuly 28th, 2009 Post office cited by GAO as a troubled agencyWASHINGTON — The Government Accountability Office on Tuesday added the Postal Service to its list of high-risk federal agencies in need of change. The post office has been struggling with a sharp decline in mail volume as people and businesses switch to e-mail both for personal contact and bill paying.
Postal worker in Calif. sentenced to 5 months in prison for stealing from kids' birthday cardsJuly 18th, 2009 Postal worker gets 5 months for taking kids' cashSACRAMENTO, Calif. — A Northern California postal worker has been sentenced to five months in federal prison for stealing money from children's birthday cards.
Wait a minute, Mr. Postman: Maine town fights effort to get rid of street-corner mailboxesJuly 17th, 2009 Maine town fights phase-out of curbside mailboxOTISFIELD, Maine — The folks of Otisfield are so fond of their lone public mailbox that they blocked it with a snowplow and a backhoe to prevent the Postal Service from taking it away in the gloom of night. Town officials also threatened to chain themselves to the blue box if necessary.
Despite rate rise, cost-cutting, Postal Service could run out of money by year's endMay 11th, 2009 Peel 'em and weep: First-class stamps rise 2 centsWASHINGTON — The post office wants two more pennies for your thoughts. The price of a first-class stamp for mailing a letter — or paying a bill — climbed to 44 cents Monday, though folks who planned ahead and stocked up on Forever stamps will still be paying the lower rate.
Declining mail volume pushes post office $1.9 billion in the red for second quarterMay 6th, 2009 Post office has $1.9 billion loss in quarterWASHINGTON — The post office was $1.9 billion in the red for the second quarter of the fiscal year and continues to face the possibility of running out of money before year's end. The agency cited the recession and movement of mail to electronic communications in announcing the loss on Wednesday.
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