Mar 2, 2010 12:01 PM
The Postal Service is moving toward eliminating a day of delivery.
Postmaster General Jack Potter talked about that Tuesday in Washington, D.C. That's one result being considered after a $4.8 million study of the overall system. The Postal Service is buried under billions of dollars of debt. Expenses such as salaries and fuel costs remain high, while income is dropping because Americans are not mailing as many letters as they have in the past. Potter says e-mail and online bill-paying are to blame for that: "Technology has made obsolete many aspects of the USPS business model that worked so well for us for so many years," said Potter.
Potter says he will submit a formal request to cancel Saturday service by the end of March.
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