The US Postal Service will cut off Saturday letter delivery in August, but plans to continue delivering packages. USPS says the move will save $2 billion annually and help close a yawning budget gap.
In one of its boldest cost-cutting measures yet, the United States Postal Service (USPS) announced Wednesday that it will eliminate Saturday mail delivery later this year, a move that should save the agency $2 billion in costs annually.
Saturday mail delivery is scheduled to stop the second week in August. However, the Postal Service said it will continue to deliver packages on Saturdays, citing recent growth in its package and shipping business. Package delivery has increased by 14 percent since 2010, according to the USPS, while annual mail volume slid 11.5 percent during that same period, as e-mail, online bill payment, and other Internet services rose in popularity.
“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,” said Patrick Donahoe, postmaster general and USPS chief executive officer, in a press conference Wednesday.
Under the new schedule, Saturday mail pickup and delivery at street addresses will cease Aug. 10. But mail delivery to PO boxes will continue six days a week, and post offices currently open on Saturdays will not change their hours.