Postal Service Considers Eliminating Door-To-Door Delivery

USPS service delivery truck in a residential area of San Francisco, California (Photo credit: Wikipedia)

You’ve got mail … a block away.

That could be what’s ahead for millions of Americans who still get mail delivered directly to their front doors.

With the U.S. Postal Service losing billions of dollars each year, this tradition could be phased out in less than a decade under a proposal in Congress.

Taking its place would be cluster boxes, mailboxes for individual addresses grouped together at a central neighborhood location.

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Flurry Of Campaign Ads, Holiday Mail Helped Post Office Some, But It Still Lost $1.3 Billion

English: U.S. Post Office Lincoln Branch in Madison Township near Mansfield, Ohio. This United States Postal Service branch closed its doors at 4:30 p.m. on Friday February 11, 2011 due to the fiscal crisis that the United States Postal Service is in as of 2010-2011 and the drastic decline in mail volume. (Photo credit: Wikipedia)

WASHINGTON — The U.S. Postal Service lost $1.3 billion in the final three months of last year, despite a blizzard of campaign advertising for the fall political elections and a big holiday mail and shipping season.

The loss announced Friday was far less than the $3.3 billion in the comparable quarter the previous fiscal year, but still showed the effects of a continued decline in first-class mailing as customers continue to flock to the Internet for emailing, bill paying and the like.

In releasing their financial report, postal officials pleaded anew with Congress to give them the flexibility to better manage the agency — including to free it from a mandate that they prepay for expected retiree health care costs.

Considering its operations alone, the agency actually made $100 million delivering the mail — earning $17.7 billion in revenue against $17.6 billion in operating expenses. But the health care funding and some other expenses pushed it to a net loss.

Read more:  http://www.washingtonpost.com/politics/postal-service-lost-13-billion-package-deliveries-up-mail-continues-to-migrate-to-internet/2013/02/08/3b00ca50-720d-11e2-b3f3-b263d708ca37_story.html?hpid=z3

Postal Service Reports Record $15.9 Billion Annual Loss

USPS service delivery truck in a residential area of San Francisco, California (Photo credit: Wikipedia)

WASHINGTON – The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and forecast more red ink in 2013, capping a tumultuous year in which it was forced to default on billions in payments to avert bankruptcy.

The financial losses for the fiscal year ending Sept. 30 were more than triple the $5.1 billion loss in the previous year.  Having reached its borrowing limit, the mail agency is operating with little cash on hand, putting it at risk in the event of an unexpectedly large downturn in the economy.

“It’s critical that Congress do its part and pass comprehensive legislation before they adjourn this year to move the Postal Service further down the path toward financial health,” said Postmaster General Patrick Donahoe, calling the situation “our own postal fiscal cliff.”

Read more: http://readingeagle.com/article.aspx?id=428549