677 post offices in the United States may close as part of cost cutting measured proposed by the USPS to the US Government Post Regulatory Commission.
The hearing, titled “Making Sense of It All: An Examination of USPS’s Station and Branch Optimization Initiative and Delivery Route Adjustments” heard that the Postal Service is expected to lose approximately $7.1 billion by the end of FY 2009. The USPS proposed to cut these loses through a combination of post office closures, price increases and other efficiency drives.
Not helping the USPS is a drop in mail volume caused by consumes switch online for information previously received by mail, and recession hit companies looking to reduce their mail volume by emailing accounts.
The proposed cuts are expected to save $1 billion annually. The “Post Office closing list” contains post offices that have been “identified” for full study for closure, meaning that all might not close.
The Post Office closure list as follows: