Post Office To Close 2,000 Branches - Spokane, North Idaho News & Weather KHQ.com

Post Office To Close 2,000 Branches

NEW YORK (CNNMoney) -- The money-losing U.S. Postal Service is planning to shut down thousands of stations and branches to try and ward off its fiscal woes.

The Postal Service has set a goal of closing 2,000 stations and branches in 2011, said Postal Service spokeswoman Joanne Veto. That's in addition to the 491 closures that are already underway, she said.

The Postal Service is not planning to close any post offices, she said, noting that the law prevents the closure of post offices for solely economic reasons. She described stations and branches as being smaller than post offices, with no mail processing, and sometimes no mail carriers.

Mail volume, the main source of income for the Postal Service, has plunged in tandem with the recession. Not only is it competing with the Internet as a means of communication, but businesses have been spending less money to send out advertisements, a form of mail that is not-so-affectionately known as junk mail.

The Postal Service suffered a net loss of $8.5 billion in fiscal year 2010, which ended Sept. 30. That's compared to a loss of $3.8 billion the prior year. The Postal Service delivered about 171 billion pieces of mail in fiscal year 2010, compared to 177 billion the prior year, costing about $1 billion in lost revenue.

"We have post offices that have fewer than five transactions a day," said Veto.

U.S. Postal Service spokeswoman Sue Brennan said that deliveries by the Postal Service have declined by 43 billion pieces in the last five years.

"We have nearly 32,000 post offices and only 19% cover their costs" said Brennan.

The Postal Service said locations will be closed based on a variety of factors, including finances, proximity to post offices, and availability of post office boxes and stores that sell stamps.

The Postal Service didn't identify specific stations and branches slated for closure. The Wall Street Journal reported on Monday the post office's plans to close 2,000 facilities.

Other attempts by the Postal Service to alleviate financial pressure, like adding a rate hike or scaling back to five-day mail, have been shot down by regulators or lawmakers.

Even though it's a federal agency, the Postal Service has not received any taxpayer funding since the early 1980s, when it was phased into an independent, self-sufficient financial entity.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Mysterious wolf-like creature shot in Montana

    Mysterious wolf-like creature shot in Montana

    Thursday, May 24 2018 7:58 PM EDT2018-05-24 23:58:21 GMT
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>
  • FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    Friday, May 25 2018 2:09 AM EDT2018-05-25 06:09:50 GMT

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance.

    >>

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance. Her potential punishment under RCW 74.08.331 could include up to 15 years in prison.

    >>
  • Man accused of murdering 10-month-old baby asks for change in his release conditions

    Man accused of murdering 10-month-old baby asks for change in his release conditions

    Friday, May 25 2018 10:36 PM EDT2018-05-26 02:36:09 GMT
    Suspect Joshua Mobley PHOTO: FacebookSuspect Joshua Mobley PHOTO: Facebook

    SPOKANE COUNTY, Wash. - The man accused of murdering the 10-month-old baby he was babysitting was back in court Friday asking for a change in his release conditions. Josh Mobley, 29, has been out on bond in the months following the death of baby Caiden Henry. His parents posted his $250,000 bond. Attorney's said Friday Mobley was asking to move his wife and four children into his parent's home after some financial issues. The 

    >>

    SPOKANE COUNTY, Wash. - The man accused of murdering the 10-month-old baby he was babysitting was back in court Friday asking for a change in his release conditions. Josh Mobley, 29, has been out on bond in the months following the death of baby Caiden Henry. His parents posted his $250,000 bond. Attorney's said Friday Mobley was asking to move his wife and four children into his parent's home after some financial issues. The 

    >>
HD DOPPLER 6i
/