Bob Hope Gets Stamp of Approval

(AP) - The price of a first-class stamp will rise 2 cents to 44 cents on May 11, the Postal Service said today. That leaves plenty of time to stock up on Forever Stamps, which will continue to sell at the current 42-cent rate until the increase occurs. They will remain valid in the future regardless of rate hikes. More»

On heels of announcement staving off rural closures

(AP) - The USPS is going to halt a plan to close some 600 urban and suburban postal branches, a spokesman announced today. The facilities in many cities serve as neighborhood post offices. The Postal Service announced last year that it was looking at closing up to 252 mail-processing centers and 3,700 post offices, as part of a plan to save some $6.5 billion a year. It began backing off the plan last week , saying it no longer planned to close thousands of rural post offices but would keep them open with shorter hours. More»

But they'll have shorter operating hours

(AP) - Good news for those living in Very, Very Small Town, USA. Hundreds of rural post offices will indeed remain open, the USPS announced today, albeit with shorter hours. The new plan will save the mail agency half a billion dollars each year while addressing concerns of rural residents most opposed to post office closings, says Postmaster General Patrick Donahoe. More»

Postal Service cites need for quick action from Congress

(NEWSER) - 50-cent stamps, anyone? That's one of the changes the postmaster-general wants Congress to act on quickly if the service is to survive, reports the Wall Street Journal . That increase of a nickel for a first-class stamp is actually one of the minor proposals from Patrick Donahoe. He also laid out plans to cut 150,000 jobs (mostly through retirements), to extend delivery times for long-distance mail, and to have the postal service cut ties with the federal health benefits program. More»

Decline in regular mail more than offsets gift shipping bump

(NEWSER) - The US Postal Service had a jaw-droppingly ugly holiday quarter, losing $3.3 billion despite a better-than-expected surge in gift shipments, the agency announced today. That's $3 billion worse than its figure for the same period in 2010, the AP reports, and at this rate the agency expects to run out of dough by October. The problem is that traditional mail delivery continues to plummet—it fell 6% in the first fiscal quarter, which ended Dec. 31. More»