After years of mounting debt and scrambling to compete with email, the United States Postal Service is cutting Saturday delivery in an effort to save money, it announced this week.
The elimination of the extra day of service is estimated to save the USPS about $2 billion annually, once the plan is fully implemented in August.
Packages will continue to be delivered six days per week. Mail addressed to PO boxes will continue to be delivered on Saturdays, and postal branches open on that day will remain open. Research has indicated nearly seven out of 10 Americans supported the switch to five-day delivery, the USPS says.
“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,” Postmaster General and CEO Patrick Donahoe said in a prepared statement.“We developed this approach by working with our customers to understand their delivery needs and by identifying creative ways to generate significant cost savings.”