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USPS cuts Saturday delivery, changes to take effect in August

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File. UPI/Brian Kersey | <a href="/News_Photos/lp/23f739702eb90712ca709e037fd30501/" target="_blank">License Photo</a>
File. UPI/Brian Kersey | License Photo

The United States Postal Service will cut Saturday delivery in an attempt to save about $2 billion a year.

The company is expected to say the changes will go into effect in August in an announcement that is scheduled for late Wednesday.

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The cuts, which will end a 150-year long tradition of Saturday delivery, came after the USPS reportedly lost $16 billion last year as more Americans have turned to private shippers, email and online banking, CBS news noted.

According to Sen. Tom Coburn, R-Okla., the shift will save the company about $2 billion a year. "It's a proper business decision and [in the] long run, good for the Postal Service and good for Americans," he said.

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The USPS has been struggling for a long time, and even with their past efforts to cut service hours in 26,000 offices and to lay off 35 percent of its workforce, the company has lost $41 billion over the past six years.

Over the past five years the Postal Service has unsuccessfully appealed to Congress for a switch to a five-day delivery model. It is not yet clear how they will eliminate Saturday mail without Congress' approval, CS Monitor noted.

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Coburn told CBS that the move wasn't an attempt to force Congress to take action, but a desperate act for survival.

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"They're in survival mode," he explained. "You're not going to have any post office. I mean, here's the alternative: They're losing $25 million dollars a day. A day. They have to do something."

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