A year from now, you may be driving a little bit farther and waiting in longer lines to do your mail-related business. The USPS set a goal to shut down 2,000 branches and stations in 2011. No post offices are on the chopping block, but the new cuts are in addition to nearly 500 closures that are all ready in the works. The locations under threat of closure are smaller satellite offices that don’t process mail and sometimes don’t have mail carriers.
The Wall Street Journal reports USPS lost $8.5 billion in the 2010 fiscal year, which ended at the end of September. A USPS spokesperson said only 19 percent of the 32,000 post offices cover their costs.
Postal Service Eyes Closing Thousands of Post Offices [The Wall Street Journal]