Post office hoping to drop Saturday delivery
WASHINGTON - The post office is renewing its drive to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year.
Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.
“The projections going forward are not bright,” Potter told reporters in a briefing. But, he added, “all is not lost ... we can right this ship.”
Sen. Tom Carper, D-Del., chairman of the Senate subcommittee with oversight authority over the Postal Service, called on Congress to give the post office the flexibility to deal with its future needs.
“In light of the serious financial challenges facing the Postal Service, postal management must be allowed to make the business decisions they need to stay competitive and viable in the years to come. As we have seen, it is not productive for Congress to act like a 535-member board of directors and constantly second-guess these necessary changes,” Carper said in a statement.