USPS plans to cut Saturday mail delivery in cost saving measure
Washington, United States (4E) – In a cost-cutting measure, the United States Postal Service (USPS) on Wednesday announced to end its Saturday Mail Delivery service with effect from August 5 – a move that could save the financially struggling company’s approximately $2 billion every year.
The Postal Service has been supporting five-day delivery schedule for mail and package since past few years.
However, it has decided to completely end the Saturday mail delivery for the first time in its history, but will continue the Saturday package delivery, seeing its strong growth.
It remained unclear whether or not the Postal Service will be able to enforce the plan since the U.S. Congress may disapprove the reforms like it did in the past since it has the final say on newly-proposed delivery schedule.
The Postal Service suffered a loss of $15.9-billion on fiscal year ended September 30, 2012. The figure of loss was three times more than what it recorded in 2011.