Mail Delivery

A mailman walks his route. (credit: Darren McCollester/Newsmakers)

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.

11/15/2011

A postal worker sorts through mail at the U.S. Post Office. (credit: Brendan Smialowski/Getty Images)

Post Office Ponders Closing 1 In 10 Retail Outlets

The Postal Service is considering closing more than 1 in 10 of its retail outlets. The financially-troubled agency announced Tuesday that it will study 3,653 local offices, branches and stations for possible closing.

07/26/2011

Pieces of mail wait to be sorted at a Postal Center. (credit: Win McNamee/Getty Images)

Post Office Wants 5 Days-A-Week Mail Delivery

Could mail delivery be cut back to three days-a-week? That’s not under consideration right now, Postmaster General Patrick Donahoe said Wednesday. But it’s something that could happen in 15 to 20 years.

07/20/2011

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