Tags: US | Postal | Future

Postal Service Wants to Stop Saturday Delivery to Save Cash

Tuesday, 02 Mar 2010 11:51 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

The U.S. Postal Service is increasing the pressure for dropping Saturday home delivery as it seeks to fend off massive financial losses.

Postmaster General John Potter, who has a speech set for later Tuesday on the future of his agency, will also raise the likelihood of higher postage rates.

The agency was $297 million in the red in period from October through December, usually its best season because of holiday mailings.

The post office's problems stem from a sharp decline in the number of items mailed, resulting from the recession and the movement of things like bills and bill-paying to electronic communications.

Last year the agency handled 177 billion items, down from 213 billion in 2006 — and there is little likelihood of an increase in the future.

The Postal Service has previously proposed eliminating delivery six days a week, but got a cold reception in Congress. The renewed effort comes with a series of consultant reports supporting that idea, as well as changes in the work force and the number of offices.

The post office does not receive a taxpayer subsidy for its operations, and officials see little chance of Congress approving such a payment.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Crude Plunges 10% in Biggest One-Day Drop Since 2009

Friday, 28 Nov 2014 21:41 PM

U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke b . . .

National Protests Over Ferguson Briefly Close Malls, Shut Down Trains

Friday, 28 Nov 2014 21:20 PM

Demonstrators temporarily shut down two large malls in suburban St. Louis on one of the busiest shopping days of the yea . . .

Next Partisan 'War' in New Congress Will Be Over Science

Friday, 28 Nov 2014 19:58 PM

After midterm battles, an immigration standoff and amid a switch of power in Congress, the next political fight in Washi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved