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September 25, 2013

Snail mail could get just a little bit more expensive next year

  • 49¢ could soon be the new cost of a postage stamp, if a new Postal Service proposal is approved by the Postal Regulatory Commission. If allowed, it would be the first time in more than four decades that the Postal Service requested an increase higher than the rate of inflation, and the new prices would take effect in January 2014. source
16:15 // 6 months ago
April 10, 2013
11:24 // 1 year ago
March 22, 2013
nbcnews:

Congress wants Postal Service to keep Saturday delivery
(Photo: David Goldman / AP)
WASHINGTON - The financially beleaguered U.S. Postal Service suffered a setback in its plan to end Saturday delivery of first-class mail as Congress on Thursday passed legislation requiring six-day delivery.
Read the complete story.

"The Postal Service could run out of money by October if Congress does not provide legislative relief, some experts have estimated."

nbcnews:

Congress wants Postal Service to keep Saturday delivery

(Photo: David Goldman / AP)

WASHINGTON - The financially beleaguered U.S. Postal Service suffered a setback in its plan to end Saturday delivery of first-class mail as Congress on Thursday passed legislation requiring six-day delivery.

Read the complete story.

"The Postal Service could run out of money by October if Congress does not provide legislative relief, some experts have estimated."

0:16 // 1 year ago
February 6, 2013
Countless public opinion polls show Americans do not mind going to a five-day delivery schedule. There simply is no longer enough mail to sustain six days of delivery.
U.S. Postal Service spokesman David Partenheimer • Discussing, in a piece regarding the greeting card industry’s fight against the Saturday mail cuts, why the USPS is looking to drop Saturday mail. For what it’s worth, Hallmark has been heavily lobbying against such a change on Capitol Hill for years. They really want you to get that birthday card.
8:50 // 1 year ago
breakingnews:

US Postal Service to cut Saturday mail delivery
JUST IN: The U.S. Postal Service is expected to announce later today that it will stop delivering mail on Saturdays but continue to deliver packages six days a week, The Associated Press reports.The plan is aimed at saving about $2 billion. Photo: U.S. Postal Service letter carrier Anthony Ow places letters in a mailbox as he walks his delivery route on July 30, 2009, in San Francisco, California. (Getty Images North America)

This sucks!

breakingnews:

US Postal Service to cut Saturday mail delivery

JUST IN: The U.S. Postal Service is expected to announce later today that it will stop delivering mail on Saturdays but continue to deliver packages six days a week, The Associated Press reports.

The plan is aimed at saving about $2 billion.

Photo: U.S. Postal Service letter carrier Anthony Ow places letters in a mailbox as he walks his delivery route on July 30, 2009, in San Francisco, California. (Getty Images North America)

This sucks!

8:08 // 1 year ago
December 6, 2011

buntsfromaleftcoastgirl says: Regarding the Postal Service announcement yesterday about slow-downs, my local Oregon NPR station noted this morning that the slow-down would effect Oregon's vote-by-mail as ballots have to be returned--not just postmarked--by election day. Oregon officials are pushing to get voter's pamphlets and ballots to Oregon voters sooner so they can be returned with enough time to slog through the USPS.

» SFB says: Good to know. Here’s the story, for the curious. This is another example, to us, about how a one-day delay in receiving mail will cause a ripple effect far beyond the Postal Service. To put this in Netflix terms: This is the U.S. Postal Service’s Qwikster— Ernie @ SFB 

10:32 // 2 years ago
December 5, 2011

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

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10:19 // 2 years ago
November 15, 2011

USPS expected to default on payment, could be broke by next year

  • $5.1 billion lost in fiscal 2011 by the US Postal Service source

» They could be broke by September 2012: On top of that, they expect to default on a key health care pension plan payment (which forces them to pre-pay for workers’ future health benefits decades in advance) — of $5.5 billion.

19:54 // 2 years ago
October 7, 2011

Why the U.S. Postal Service’s massive deficit is really sort of an illusion

  • illusion The U.S. postal service has had to pre-pay large amounts of their health care costs for a number of years — roughly $5.5 billion this year, which they nearly defaulted on and only survived thanks to U.S. government help.
  • reality In reality, they’re pre-paying health benefits over the next 75 years — a point which likely includes many employees yet to be hired or born — as a way to make the federal deficit look a little less depressing. Wait a second … source
13:46 // 2 years ago
September 19, 2011

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

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16:58 // 2 years ago