Postmaster General Patrick Donahue announced today that the United States Postal Service will no longer deliver mail on Saturdays.
The new "Six?Day Package, Five?Day Mail Delivery" scheduled to begin this August will save the floundering mail agency an estimated $2 billion a year. And they need it. The USPS has been struggling financially for years now, and managed to hemorrhage nearly $16 billion last fiscal year.
The main issues? Paying for future retiree health benefits and the ever-strengthening grip of digital communication.
The agency ran into its legal borrowing limit last year and defaulted twice on payments to the federal government. Congress has not yet heeded the agency's pleas to restructure its prepayments.
The USPS' official press release claims that public support for the changes is strong:
"According to research conducted by the Postal Service and independent research by major news outlets, nearly seven out of ten Americans supported the Postal Service switching to a five?day mail delivery schedule as a way to reduce costs — even before the Postal Service decided to continue package delivery on Saturday. Support is likely higher given that the Postal Service will maintain six?day delivery for packages."
How do you feel about the impending loss of Saturday mail?