March 25 at 6:26 a.m.
Filed under:
Government,
Transportation
By Dow Jones Newswires-Wall Street Journal
(Paul J. Richards/AFP/Getty Images)
The U.S. Postal Service will cut 7,500 managers and shut the Carol Stream and six other district offices, responding to record losses and declining mail volume as more people communicate by e-mail and texts and pay bills online. The reduction in postmasters, supervisors and other employees represents a 20 percent cut in middle-management jobs — people not involved in actual physical moving of mail.
The cuts come as part of the agency’s previously disclosed plan to close as many as 2,000 post offices and consolidate regional mail-processing centers in the next 12 months. Get the full story »
Jan. 24 at 7:13 a.m.
Filed under:
Government,
Transportation
By Dow Jones Newswires-Wall Street Journal
With red ink showing no sign of stopping, the U.S. 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. Get the full story »
Sep. 30, 2010 at 12:36 p.m.
Filed under:
Transportation
By CNN
Christmas is not coming early this year for the U.S. Postal Service, after regulators denied a request Thursday that would have raised the price of a first-class stamp by 2 cents, to 46 cents.
The Postal Service argued that it needed the hike in order to cover lost revenue from a decrease in mail volume, stemming from the economic recession. Get the full story »
