LOUISVILLE, KY (WAVE) - Like many companies, the U.S. Postal Service is facing cutbacks. Last fiscal year, mail volume dropped by 13 percent, which cost the U.S. Postal Service about $3.8 billion. According to USPS Spokesman David Walton, at the end of the month, the U.S. Postal Service will file a proposal with the Postal Regulatory Commission, which will detail its planned changes, including, cutting Saturday mail delivery.
Walton said Congress has to approve it before the changes are implemented. Even if Saturday mail delivery is cut, Walton said post offices would remain open on Saturday's. "People would still be able to, you know, deposit mail and P.O. box customers will still have access to their mail," he said.
Walton said this is one way the U.S. Postal Service can stay competitive. Walton said social networking sites like Twitter, Facebook and even mailing e-cards have impacted the industry. "We don't have much flexibility and, you know, we're regulated by Congress. We'd like a little more flexibility in our prices," Walton said.
Walton said they're also looking at changing the way retiree's benefits are set up. Walton said people can expect higher rates in 2011, including an increase in stamps and other services. "Right now, its proposed that we could lose $238 billion over the next 10 years if we do nothing. We're just trying to make these changes to help offset those costs and to make us more viable," he said.
Jeri Swinton said it doesn't bother her one bit that the U.S. Postal Service may cut Saturday out of the delivering mix. "Most people would understand with the economy the way it is. We need to cutback in some way and support it," Swinton said.
Walton said they did extensive research and looked at how this would affect big businesses too. "We took everyone into consideration and some of those customers they were for it even though they didn't like it. They understood our situation," Walton said.