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Tuesday, January 25, 2011

U.S. Postal Service Closing 2,000 Post Offices in March ? Will Review 16,000 More Money Losers

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United States Post Office
Hermann, MO 65041
(NOT Slated for Closure This Round)

1/19/2011 Photo by Dick Schaefer (Hermann Hearsay)
Copyright protected.  All rights reserved.
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U.S. Postal Service Set to Close 2,000 Post Offices
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The U.S. Postal Service will begin the process of closing as many as 2,000 postal offices in March and will review 16,000 more -- half of all existing post offices -- that are losing money, The Wall Street Journal reports.
The new round of closures is in addition to 491 that are already being shuttered.

The Wall Street Journal said the U.S. Postal Service is lobbying Congress to allow it to change the law so that it can close the most unprofitable among them.
At present, the service cannot shut an office for losing money, only in such cases as maintenance problems or expired leases, the newspaper says.

The U.S. Postal service is an independent agency funded primarily by postage fees, but is required by law to provide universal service to all parts of the country. 
 Click Here to Read More.

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