US Postal Service will end Saturday delivery

The US Postal Service announced Wednesday that it would stop delivering first-class mail on Saturdays beginning in August 2013, according to BBC News.

The USPS has been struggling financially mainly due to a 2006 law which requires it to pay nearly $5.5 billion into a future retiree health benefit fund, according to the New York Times. In 2012, the agency defaulted on two payments after reaching its borrowing limit from the Treasury Department.

The ending of Saturday deliveries is expected to help the USPS deal with its billions of dollars in debt. They still plan on delivering packages on Saturdays due to package delivery demand growing 14 percent since 2010.

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This page contains a single entry by jasen004 published on February 6, 2013 10:07 AM.

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