Tuesday, March 2, 2010

Goodbye Newman!

The original postal service motto, "Neither snow, nor rain, nor heat, nor gloom of night stays these courageous couriers from the swift completion of their appointed rounds" - may have to be amended to exclude Saturdays now.

The U.S. Postal Service is increasing the pressure for dropping Saturday home delivery as it seeks to fend off massive financial losses. Postmaster General John Potter, who has a speech set for later Tuesday on the future of his agency, will also raise the likelihood of higher postage rates. The agency was $297 million in the red in period from October through December, usually its best season because of holiday mailings.

The post office's problems stem from a sharp decline in the number of items mailed, resulting from the recession and the movement of things like bills and bill-paying to electronic communications.

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