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>>

  • "My son was just gone": mother of kidnapped baby speaks out about online danger

    "My son was just gone": mother of kidnapped baby speaks out about online danger

    Tuesday, November 21 2017 12:30 AM EST2017-11-21 05:30:18 GMT
    Police say Fern Littlecalf kidnapped a babyPolice say Fern Littlecalf kidnapped a baby

    SPOKANE, Wash.- The mother of a 6-month old baby who was kidnapped as part of an elaborate online scam is speaking out, urging everyone to be careful who they meet on the internet.  Lekeisha Johnson, from Kennewick, says she thought she'd been in a relationship with a man for weeks, but then she found out that her supposed boyfriend never existed in the first place. 

    >>

    SPOKANE, Wash.- The mother of a 6-month old baby who was kidnapped as part of an elaborate online scam is speaking out, urging everyone to be careful who they meet on the internet.  Lekeisha Johnson, from Kennewick, says she thought she'd been in a relationship with a man for weeks, but then she found out that her supposed boyfriend never existed in the first place. 

    >>
  • SUV driver crashes into De Leon Foods and then takes off

    SUV driver crashes into De Leon Foods and then takes off

    Tuesday, November 21 2017 10:20 AM EST2017-11-21 15:20:29 GMT
    Courtesy De Leon FoodsCourtesy De Leon Foods

    SPOKANE, Wash.- Spokane Police are looking for the person who crashed into De Leon Foods on Francis in north Spokane. 

    >>

    SPOKANE, Wash.- Spokane Police are looking for the person who crashed into De Leon Foods on Francis in north Spokane. 

    >>
  • Texas sheriff added to woman's crude anti-Trump truck decal

    Texas sheriff added to woman's crude anti-Trump truck decal

    Monday, November 20 2017 6:43 PM EST2017-11-20 23:43:48 GMT

    HOUSTON - A woman whose pickup truck displays an expletive-filled message to President Donald Trump and his supporters has added an identical rant aimed at a suburban Houston sheriff. Karen Fonseca said Monday that Fort Bend County Sheriff Troy Nehls "messed with the wrong person" when deputies arrested her Thursday on an old, unrelated warrant for fraud.

    >>

    HOUSTON - A woman whose pickup truck displays an expletive-filled message to President Donald Trump and his supporters has added an identical rant aimed at a suburban Houston sheriff. Karen Fonseca said Monday that Fort Bend County Sheriff Troy Nehls "messed with the wrong person" when deputies arrested her Thursday on an old, unrelated warrant for fraud.

    >>
HD DOPPLER 6i
/