SnailMail posts

Feed

Post Office may cut delivery, close branches

I found an interesting and sobering article while searching through the news this morning. It appears that the U.S. Postal Service may close up to 1,000 local offices thanks to snowballing financial issues. There are other options, including: reducing post office hours, consolidating processing centers, and doing away with Saturday delivery. Last Thursday, the Postal Service presented a list of 681 post offices that it will study for possible closure, with most of them in urban areas - located close to other offices. Such a move would not impact delivery at homes and businesses. Ending Saturday delivery is expected to save $2 billion to $3 billion a year, as current mail volumes can't support Saturday (six-day) delivery. According to the article, the volume of regular mail dropped 5% last year and is expected to drop 15% in 2009 --- this would result in a $7billion loss.

Continue reading Post Office may cut delivery, close branches

Symbol Lookup
IndexesChangePrice
DJIA+72.8112,874.04
NASDAQ+27.512,931.39
S&P 500+9.131,351.77

Last updated: February 13, 2012: 07:06 PM

Hot Stocks

General Electric

19.07+0.195(+1.03)

Alcoa

10.33+0.04(+0.39)

Apple Inc

502.60+9.18(+1.86)

Google Inc 'A'

612.20+6.29(+1.04)

Bank of America

8.25+0.18(+2.23)

Wal-Mart Stores

61.79-0.11(-0.18)

Exxon Mobil Corp

84.42+0.62(+0.74)

Ford

12.54+0.10(+0.80)

Citigroup

32.88-0.045(-0.14)

IBM

192.62+0.20(+0.10)

Yahoo

16.12-0.02(-0.12)

Starbucks

49.25+0.43(+0.88)

Microsoft

30.58+0.085(+0.28)

Home Depot

45.93+0.60(+1.32)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329178012451 ms.