Post office near default? Losses mount to $5.1B

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 multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. More: continued here

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Post office near default? Losses mount to $5.1B – abc13.com

Post office near default? Losses mount to $5.1Babc13.com30 came despite deep cuts of more than 130000 jobs in recent years and the closing of some smaller local post offices. Losses will only accelerate in the coming year, Postmaster General Patrick Donahoe warned, citing faster-than-expected declines in … More: continued here

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Savannah Post Office Meeting

– The U.S. Postal Service will hold a public meeting to discuss its proposal to move some mail processing operations from the Savannah Processing and Distribution Facility into the Charleston,… More: continued here

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