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U.S. Postal Service will stop delivering on Saturdays

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The United States Postal Service announced at a news conference Wednesday morning that beginning in August they will no longer deliver mail on Saturdays.
Although the Postal Service will not be delivering first class mail on Saturdays, other mail including packages, mail-order medicine, priority, and express mail will still continue to be delivered, CBS News said.
This decision comes as an effort to save money after the USPS reported a record loss of $15.9 billion last year.
"The Postal Service is advancing an important new approach to delivery that reflects the strong growth of our package business and responds to the financial realities resulting from America's changing mailing habits," said Patrick R. Donahoe, Postmaster General and CEO, according to NBC News.
Cutting out Saturday delivery is estimated to save the USPS about $2 billion.
Former government watchdog, David Walker, said that this change "won't come close to solving the Postal Service's problem. It's got to look at more fundamental changes in its infrastructure, its compensation costs, its retirement obligations, and also what it does and who does its business," CBS News reported.

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This page contains a single entry by musicnotes published on February 6, 2013 9:18 PM.

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