Tag Archives: Post Office

U.S. Postal Service continues to hemorrhage money

The U.S. Postal Service ended the first three months of its 2012 fiscal year (Oct. 1 – Dec. 31, 2011) with a net loss of $3.3 billion. Management expects large losses to continue until the Postal Service has implemented its network re-design and down-sizing and has restructured its healthcare program. Additionally, the return to financial stability requires legislation… Read More »

Post Offices Open Christmas Eve and New Year's Eve

Most Will Close at Noon WASHINGTON, Dec. 21, 2011 /PRNewswire-USNewswire/ — All Post Offices nationwide will be openChristmas Eve, Saturday, Dec. 24, and New Year’s Eve, Saturday, Dec. 31. Most will have shortened retail lobby hours and will close at noon. Mail delivery for Dec. 24 and Dec. 31 will be the same as any other Saturday. Each Post Office will post its revised hours of… Read More »

United States Postal Ponzi Scheme

Postmaster General Patrick Donahoe appeared before The Homeland Security and Governmental Affairs committee on Tuesday to inform the current wizards of Congress that the U.S. Postal Service is drowning in red ink. They will not be able to avoid a total default by the end of September if structural changes are not made immediately. I… Read More »