The U.S. Postal Service announced Wednesday that it plans to cut Saturday mail delivery, hoping to eventually save about $2 billion annually.
The new delivery schedule is set to begin the week of Aug. 5 at which time mail delivery will shift to a Monday through Friday only schedule. Package delivery, however, will continue on a six-day-per-week basis.
The projected annual operational savings are expected to come from a “combination of employee reassignment and attrition,” according to a Postal Service release on Wednesday.
Moving to a five-day delivery schedule is something the Postal Service leaned toward over the past several years but has delayed due to an increased volume of package delivery demand, fueled by the continued growth in e-commerce.
According to the Postal Service, once the new mail delivery schedule begins, mail delivery to street addresses will occur Monday through Friday, while packages will still be delivered Monday through Saturday. Mail addressed to P.O. boxes will continue to be delivered on Saturdays, and post offices currently open on Saturdays will remain open on Saturdays.
The Postal Service stated that it was currently restructuring its retail, delivery and mail processing operations. Since 2006, the service has reduced the size of its career workforce by 193,000 or 28 percent, and consolidated more than 200 mail processing locations.
Despite the announced changes to further cut costs, the Postal Service urged Congress to enact legislation that would allow it “greater flexibility to control costs and generate new revenue.”