Post Office to Stop Delivering Letters on Saturdays —Accounting Today

Six Days of Package Delivery and Five Days of Mail.  Does This Mean Stamp Prices Will Go Down by 16¢?  

Michael Cohn at Accounting Today reports that the U.S. Postal Service said Wednesday that it will end Saturday delivery of letters starting in August, but will continue to deliver packages, in an effort to cut costs.  More:

The Postal Service expects to generate cost savings of approximately $2 billion annually once the plan for five-day mail delivery and six-day package delivery is fully implemented. The move could have an impact on accountants and their clients who need to receive letters and forms on Saturdays in time to meet deadlines.

“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 Postmaster General and CEO Patrick R. Donahoe in a 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.”

Read the full story and rationale here. 

Gizmodo Claims “Five Days of Mail is Still Too Much”