Usps | featured news

Think snail mail is too slow? Imagine if it got slower. The U.S. Postal Service could save about $1.5 billion annually if it relaxed its one- to three-day guarantees for First-Class and Priority Mail deliveries by a day, according to a new study. Postal executives are seriously considering the idea and are expected to announce new plans regarding delivery schedules after Labor Day, according to USPS officials.

The U.S. Postal Service would eliminate about 220,000 full-time jobs and shutter about 300 processing facilities by 2015 under a proposal to bring its finances in order, a postal official said on Friday.

The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.

The cash-strapped U.S. Postal Service delivered more bad news Friday, announcing it lost $8.5 billion in the fiscal year that ended in September. Without congressional action to change its obligations, officials said, the Postal Service likely will go broke at the end of fiscal 2011.

A letter carrier who has worked in this town for the past nine years has been charged with stealing cash, gift cards, debit and credit cards from the very mail she was paid to deliver, authorities said Wednesday.