Inside these posts: Post office

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U.S. Postal Service to close 2,000 post offices

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 »

Basic first class mail spared from postal rate hikes

Postal rates will go up in April, but the cost of sending the basic letter will remain the same.

The Postal Service said Thursday that most rates will go up April 17 under a formula that allows the agency to increase prices within the rate of inflation. Get the full story »