Friday, August 7, 2009

Internet is killing post offices

The U.S. Postal Service has told Congress that it will close almost 700 post offices around the nation because business is down. Not as many people are using the mail these days, as more and more of them correspond by email and pay their bills on line through a bill-paying service.

The Postal Service also is considering other money-saving proposals, including not delivering mail on Saturdays.

"The Postal Service lost $2.4 billion in the latest fiscal quarter, in addition to $2.3 billion in the first half of the fiscal year that began Oct. 1," according to the New York Times. "Despite billions in cost reductions, the Postal Service projects a $7 billion loss for the year."

The Postal Service expects to handle at least 27 billion fewer pieces of mail this year.

1 comment:

  1. We'll always need a mail service for hard copy. . . but it may change some in future years.

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