Post Office nixing Saturday delivery

Filed under: Daily News |

The cash-strapped U.S. Postal Service plans to drop Saturday delivery of first-class mail by August.

The change, which is expected to save about $2 billion a year, comes after a nearly $16 billion loss last fiscal year.

The mail agency will still deliver packages six days a week and will not change post office operating hours.

Postal officials say the losses are due mostly to massive payments for future retiree health benefits and increasing reliance on online communications that drives down mail volume.

The 237-year-old institution ran into its legal borrowing limit last year and defaulted twice on required payments to the federal government.

 

 

 

One Response to Post Office nixing Saturday delivery

  1. Why is this news so overdue….?????? USPS loses $16B last year and cumulatively over $50B the past decade and yet the government continues to fund this over bloated democracy….If this were a real company – it would have filed bankruptcy several years ago AND forgoing any government TARP or stimulus money would have been shut down!

    I recall last year when USPS discussed closing down several distribution centers and re-organizing…the stupid a$$ union prevented this NEEDED change. Without the changes needed last year, USPS lost MORE MONEY – yet we continue to float it year after year. As long as USPS is bloated and oversized for it’s britches it’s fat will continue to hang out and expose the stupidity of this organization.

    Personally, 2/3 of the mail I receive at my home and office is placed in my recycle bin BEFORE I enter my home or office as it is useless junk mail.

    How about stop delivering on Saturdays beginning this coming Saturday……

    Keng
    February 7, 2013 at 8:09 pm