Postal Service Looking to End Next-day Mail Delivery
The financially challenged U.S. Postal Service Dec. 5 said it is taking further steps to eliminate first-class, next-day delivery of letters, postcards and related items - such as Blu-ray Disc and DVD mailers - in an effort to save money. Netflix is the Postal Service's largest individual commercial mail client, generating more than $500 million annually in first-class postage revenue. The USPS in September first announced intentions to possibly eliminate more than 250 mail processing centers, stop Saturday delivery and eliminate about 28,000 jobs, among other steps. The USPS, which lost $5.1 billion in its most recent fiscal year, is looking to enact $20 billion in cost savings and return to profitability by 2015.
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