CORTLANDT, N.Y. - The United States Postal Service will no longer deliver letters and first-class mail on Saturdays, beginning in August, the USPS announced Wednesday.
The move is expected to save the postal service about $2 billion annually. Packages - a growing market for the USPS - will still be delivered, and post offices already open on Saturdays will remain open. Mail to post office boxes will also be delivered on Saturdays.
“We developed this approach by working with our customers to understand their delivery needs, and by identifying creative ways to generate significant cost savings," said CEO and Postmaster General Patrick R. Donahoe in a statement. Donahoe said the move "reflects strong growth of our package business," and addresses "financial realities."
Market research conducted by the Postal Service and independent research by major news organizations found that nearly 70 percent of Americans supported the switch to five-day delivery, according to the USPS.
The USPS also said package delivery has grown by 14 percent since 2010, and it expects this growth to continue.