The current Postmaster General is retiring this week with a nearly $5.5 million retirement package. The U.S. Postal Service has lost over 100,000 jobs and about $8.5 billion over the past decade. The numbers do not look good, and as electronic communication leeches away more and more business, they’re not expected to improve. So, what […]
The Post Master General says that he has no choice but to cut Saturday mail delivery given the billions of dollars of debt in which the organization finds itself. But there was a time when the Postal Service delivered many, many times each day. From horseback to trains, and stage coaches to planes, the U.S. […]
Seems there was a time, not that long ago, when everyone ran to the mailbox, knowing there might be something special waiting for them inside. That time, however, has gradually been coming to an end, as more of us rely on email, texting, and Skype to communicate. It’s a reality that even the U.S. Postal […]
If you haven’t sent out your Christmas cards yet, you might want to get on it, quick. Snail mail just got slower. The cash-strapped U.S. Postal Service announced Monday that it’s going to end next-day delivery of letters, postcards and other First Class mail. The agency is looking to find $20 billion in annual savings […]
In a Senate hearing yesterday, Postmaster General Patrick Donahoe called for Congress to take action to help the U.S. Postal Service pay its bills and avoid defaulting. In his testimony, Donahoe proposed cutting more than 120,000 jobs, closing 300 out of 500 processing centers and thousands of post offices around the country, and eliminating Saturday […]