Neither snow nor rain nor gloom of night will stop the mail, but $15.9 billion in losses will, at least on Saturday.
Beginning August 1, it will stop delivering letters and other mail on Saturdays, but continue to handle packages, a move the financially struggling agency said would save about $2 billion annually as it looks for ways to cut cost. Packages will still be delivered on Saturday, which is a profitable part of the business, and post offices will remain open on Saturdays so customers can drop off their mail, buy stamps, and check their post-office boxes—although open hours are likely to be reduced.
The postal service said it has lost $15.9 billion in the last fiscal year—three times the loss recorded just a year earlier.