USPS Ponders No Saturday Mail

Postal Service losing money

By Scott Eisenhuth
|  Monday, Mar 1, 2010  |  Updated 9:56 AM EDT
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USPS Ponders No Saturday Mail

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They used to say this about mail delivery: "Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds."

But it looks like the U.S. Postal Service wants to add "except on Saturdays" to that old saying.

On Monday the USPS will share its survival plan. Word is officials plan to ask Congress for permission to shorten its work week and to change its retiree health benefits.

Our mail service says it lost $297 million in its first fiscal quarter, most likely because mail volume dropped nearly 9 percent during the same period. It seems that e-mail and faxes have taken a big bite out of the mail business.

The postal service’s plan would have them not delivering mail Saturdays and also cutting back on some Saturday mail processing. They say these changes will save them about $3 billion a year. The good news is that right now they do not plan on closing any more post offices.

What would continue on Saturdays are express mail and the processing of what they call remittance mail. Remittance mail includes payments from customers to businesses as well as checks that banks send each other. Cutting Saturday processing would have meant that checks would not move for two days.

If Congress and the Postal Regulatory Commission approve the plan it would be mid-2011 at the earliest until it is implemented.

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