Posted on 07/20/2011 2:21:33 PM PDT by Sub-Driver
Head of U.S. Postal Service says delivery could be scaled back to 3 days a week
By Maeve Coyle Topics Domestic Issues
With Internet usage rising and mail volume steadily falling, Postmaster General Patrick Donahoe warned the U.S. Postal Service is going to have to make significant cutbacks that could mean no more Saturday service and eventually lead to mail delivery just three days a week.
The Postal Service's "cashflow crisis is at a critical level," Donahoe told USA Today in an interview published Wednesday. Donahoe said eliminating Saturday mail would save around $3.1 billion a year for the cash-strapped agency, projected to lose $8.3 billion this year.
"At some point, we'll have to move to three" days a week of mail delivery, possibly in 15 years, he told the newspaper.
The steady loss of revenue has prompted the Postal Service to evaluate possible cost-saving measures. Donahoe said the USPS is on track to miss a Sept. 30 payment of $5.5 billion to the U.S. Treasury that would allow the Uncle Sam to "pre-fund retired health benefits" of postal workers.
(Excerpt) Read more at cbsnews.com ...
And drop the name calling, it is unbecoming of a Freeper.
You are too funny. Yeah, it's A LOT more "unbecoming" than willful ignorance, foolishness and profanity. Are you sure you didn't mean to write: And ^&%'n drop the ^&%'n name calling, it is unbecoming of uh ^&%'n Freeper.
Now stop bothering me and go read. I'm sure there are 1980's Boston Globe, NY Times and SF Chronicle USPS hit pieces of impeccable accuracy just waiting for you.
The figure was hundred of millions each year certainly going back to the 90s and annually reported. Too bad you can’t handle the news that was reported through numerous channels including Rush and talk radio.
hundred of millions? Not sure what that is exactly, but then you are not either.
As reported 10 years ago by Rush and talk radio? What the heck are you even talking about? Are you even able to follow a logical discussion line?
Buh bye. You choose to be ignorant like the fool in the White House.
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