U.S. Postal Service Updates Station and Branch Consolidations

WASHINGTON, Dec. 14 /PRNewswire-USNewswire/ -- Fewer than 170 offices remain under review for possible consolidation under the U.S. Postal Service station and branch consolidation initiative.

Today's announcement updates a review process begun earlier this summer that initially examined about 3,300 stations and branches in urban and suburban areas across the country, focusing on facilities in relatively close proximity to one another. The initiative looks to determine where consolidations might be feasible without compromising customer access to postal services.

The Postal Service receives no tax subsidy to operate the nation's mail service. Revenues from the sale of postage, products and services fund its operations. At the conclusion of its 2009 fiscal year in October, the Postal Service reported a loss of $3.8 billion.

"To shore up its finances, the Postal Service is looking at every aspect of its business to economize. Reducing over-capacity in retail and delivery operations is a smart business move. Every effort is being made to maintain and improve customer access to postal services," said Steven J. Forte, senior vice president, Operations.

With over 36,000 Post Offices, stations, branches, contract and community post offices, the Postal Service has the largest retail network in the United States. An additional 56,000 locations such as supermarkets, drug stores, and other retailers sell postage and selected postal services. Nearly 18,000 ATMs dispense sheets of stamps. In addition postage can be purchased online at usps.com and printed on personal computers.

As part of the consolidation process, the Postal Service has filed periodic updates with the Postal Regulatory Commission identifying the retail stations and branches that remain under consideration. The filing does not represent a final decision on consolidation. At this point no facility-specific final decisions have been made as a result of this initiative.

New initiatives also are being undertaken to build revenue, including Flat Rate Priority Mail pricing and the introduction of greeting cards to 500 select Post Offices.

Click here for the list http://www.usps.com/communications/newsroom/stationbranchop.pdf

Please note that today's list is dated December 14, 2009.

A self-supporting government enterprise, the U.S. Postal Service is the only delivery service that reaches every address in the nation, 150 million residences, businesses and Post Office Boxes. The Postal Service receives no tax dollars. With 36,000 retail locations and the most frequently visited website in the federal government, the Postal Service relies on the sale of postage, products and services to pay for operating expenses. Named the Most Trusted Government Agency five consecutive years and the sixth Most Trusted Business in the nation by the Ponemon Institute, the Postal Service has annual revenue of more than $68 billion and delivers nearly half the world's mail. If it were a private sector company, the U.S. Postal Service would rank 28th in the 2009 Fortune 500.

SOURCE U.S. Postal Service

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