The Delaware Gazette

Post office: $18B loss without cuts, rate increase

WASHINGTON — Mired in red ink, the U.S. Postal Ser­vice is warn­ing it will lose as much as $18.2 bil­lion a year by 2015 unless Con­gress grants it new lee­way to elim­i­nate Sat­ur­day deliv­ery, slow first-class mail by one day and raise the price of a postage stamp by as much as 5 cents.

Feb 16 2012 | Posted in AP News | Read More »

Cuts to first-class mail to slow delivery in 2012

WASHINGTON — The cash-strapped U.S. Postal Ser­vice said Mon­day it is seek­ing to move quickly to close 252 mail pro­cess­ing cen­ters and slow first-class deliv­ery next spring, cit­ing steadily declin­ing mail volume.

Dec 5 2011 | Posted in AP News | Read More »

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