Browsing: United States Postal Service

This week, Britain announced that it would soon be privatizing its postal service, the Royal Mail. Estimated to be worth nearly 3 billion pounds ($4.8 billion dollars), the Royal Mail will begin selling shares of stock to potential investors sometime in the next few weeks.

While it remains to be seen whether or not this is a smart move for Britain, the United States should think twice before following its lead.

Baylor’s Mail Services will continue to run with no changes, despite the U.S Postal Service’s announcement to end Saturday mail earlier this month.

It’s no secret that the Postal Service is in trouble. The popularity of email and a costly retirement plan from the House of Representatives have largely contributed to the Postal Service’s financial report of a record $15.9 billion net loss the last fiscal year.

In response, beginning the week of Aug. 5, the U.S. Postal Service will stop mail delivery on Saturdays.

The U.S. Postal Service announced Thursday it intends to close its Waco processing and distribution center as part of a broader effort to answer the declining consumer demand for first-class mail.

Ten mail processing centers in Texas are among 252 nationwide that will close in a $3 billion money-saving move by the government.

Sure, times are changing. Some things aren’t what they used to be. But did you ever think that you’d see the day where the mail didn’t come on Saturday?

Postmaster General Patrick Donahoe warned that the Postal Service is on “the brink of default” as he battles to keep his agency solvent.

By Ade Adesanya Reporter Post offices in the greater Waco area may be shut down as the U.S. Postal Service…