U.S. Postal Service Announces Five-Month Moratorium on Closings

Press release from the issuing company

Tuesday, December 13th, 2011

The U.S. Postal Service, in response to a request made by multiple U.S. Senators, has agreed to delay the closing or consolidation of any Post Office or mail processing facility until May 15, 2012. The Postal Service will continue all necessary steps required for the review of these facilities during the interim period, including public input meetings.

The Postal Service hopes this period will help facilitate the enactment of comprehensive postal legislation. Given the Postal Service’s financial situation and the loss of mail volume, the Postal Service must continue to take all steps necessary to reduce costs and increase revenue.

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.