WASHINGTON — The U.S. Postal Service reported Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. More: continued here
Read More »Post office near default? Losses mount to $5.1B – Chicago Sun-Times
The Associated Press Post office near default? Losses mount to $5.1BChicago Sun-TimesBut that's because an annual payment of $5.5 billion the post office owed the federal government has been deferred to a later date. They say the Postal Service will not be able to make the $5.5 billion payment due …
Read More »Post office discusses closing Lynchburg mail processing facility – Lynchburg News and Advance
Post office discusses closing Lynchburg mail processing facilityLynchburg News and Advance“It leaves me no choice but to give less business to the post office,” Pace said. He added if the operation moved to North Carolina, there is no reason for him to hire local printers for mail advertising, when he …
Read More »Post office sinks deeper into debt
The postmaster calls for urgent action by Congress after reporting a loss of $5.1 billion in the past year. More: continued here
Read More »Change afoot for Stamps – CANOE
24 Hours Vancouver Change afoot for StampsCANOEThe Stamps conducted exit meetings with personnel Tuesday and coaching meetings start Wednesday to decide who goes and who stays off the team roster. There are 12 Stampeders players who are over the age of 30, and three of the club's five free-agents …Five …
Read More »Glasgow residents voice post office concerns – Altoona Mirror
Glasgow residents voice post office concernsAltoona MirrorThe decisions to close 3700 post offices nationwide will come out of Washington, DC, headquarters, Kittanning Postmaster Dan Devey said. "It's pretty bad," he said of the US Postal … More: continued here
Read More »Supervisors send request Sibley post office remain open – Natchez Democrat
Natchez Democrat Supervisors send request Sibley post office remain openNatchez DemocratNATCHEZ — Sibley residents will soon know if their local post office, which sits attached to the abandoned Sibley Store with its gas pumps buried in plastic grocery bags, will share the same fate as the old general store. By …
Read More »Congress must let post office change
Members of Arkansas’ congressional delegation are trying to do their jobs, but they and the rest of Congress are making it harder for Postal Service officials to do theirs. More: continued here
Read More »Post office losses mount to $5.1 billion
The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a… More: continued here
Read More »Alplaus residents fight to save their post office – WTEN
Alplaus residents fight to save their post officeWTENThose money issues are forcing residents in the hamlet of Alplaus in Schenectady county to fight to keep their post office open. it is slated to close in January. "There's not a single resident, there's not a single soul here in the village …
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