The U.S. Postal Service, which may run out of money in September, said it may close as many as 3,700, or 12 percent, of its post offices as customers buy more services online and through locations such as grocery stores.
For communities without a post office, the USPS will sell stamps and offer services through local retailers, the service said in a statement today before a press conference in Washington. Post offices at New York City’s Port Authority and Roosevelt Island and in Newark, New Jersey, are among those
those being considered.
The postal service, which reported a loss of $2.6 billion for the quarter ended March 31, is seeking to cut costs as it approaches its $15 billion borrowing limit. The USPS has almost 32,000 post offices. The closings may save $200 million, Postmaster General Patrick Donahoe said at the news conference.
“A lot of the decisions we make around our operations are based on the revenues that come into the operation,” Donahoe said.
