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05 Dec 2011 10:19

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U.S.: U.S. Postal Service: First-class mail could become second-day affair

  • bad The U.S. Postal Service, facing the worst financial crisis in its history, will likely be forced to shave $3 billion off its budget, in the process dropping half of the country’s 500 mail-processing centers. This would come on the closing of numerous post offices.
  • worse This is the kind of change that consumers will feel. For the first time since 1971, there would be no way for a first-class letter to reach its recipient in a single day. Which means your Netflix will be late and your rent check better get in the mail pretty early. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Sep 2011 16:58

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Biz, U.S.: Obama administration endorses cutting Saturday postal service

  • Say goodbye to Saturday mail? That’s the Obama administration’s plan, at least. Issued alongside their much more ballyhooed one on debt reduction, the White House has endorsed ending Saturday mail delivery nationwide. The U.S. Postal Service is in quite dire financial straits, owing to a more digital age of communication as well as issues with financial management. The Democratic position is to try to minimize layoffs, while Rep. Darrel Issa’s plan would allow the USPS to break contracts and cut jobs, but on one thing both sides agree — no more mail on Saturdays. Shares of eBay dropped nearly 6% on the news, as it could make life tougher on their smaller, independent sellers. source
Posted by Chris Tognotti • 0 Comments • Permalink

05 Sep 2011 10:45

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U.S.: U.S. Postal Service looking more and more screwed by the day

  • bad The U.S. Postal Service could possibly miss a $5.5 billion payment set aside for retirees to help pay for future health care. It’s due Sept. 30.
  • worse That’s just the tip of the iceberg; they’re having long-term funding issues due to union contracts, restrictive laws, and the rise of e-mail.
  • worser The result is that, without Congress’ help, the Postal Service could run out of money by early next year — which could hurt the economy. source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 21:07

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U.S.: The U.S. Postal Service just delivered a bunch of buyout letters

  • 30,000 job cuts are needed by the USPS source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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