US Postmaster General John Potter says the massive deficits facing the post office could force the agency to cut out one day of mail delivery per week- most likely Saturday delivery.
In testimony for a congressional panel Wednesday, Potter asked for an end to the requirement that the agency deliver mail six days a week.
Faced with dwindling mail volume and rising costs, the post office was $2.8 billion in the red last year.
The Postal Service isn't looking to immediately drop Saturday delivery; it will likely study the issue first. And it could take a lesser action, such as temporarily suspending Saturday delivery during periods of low mail volume.
A 1980 report found that ending Saturday delivery would save about $1 billion annually. That�s about $2.5 billion in inflation-adjusted dollars, and experts say that estimate still might be low because of today�s higher fuel costs and the larger delivery network.
(Dov Gordon - YWN / AP)
http://www.theyeshivaworld.com/article.php?p=29543
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