The financially struggling U.S. Postal Service plans to stop delivering mail on Saturdays starting Aug. 1, the agency is set to announce Wednesday.
This means that for the first time Americans will receive mail only five days a week, a significant shift for the storied mail agency, which has suffered tens of billions of dollars in losses in recent years with the advent of the Internet and e-commerce.
USPS plans to continue Saturday delivery of packages, which remain a profitable and growing part of the delivery business. Post offices would remain open on Saturdays so that customers can drop off mail or packages, buy postage stamps, or access their post office boxes, officials said. But hours likely would be reduced at thousands of smaller locations, they said.
Canceling Saturday mail deliveries will save USPS $2 billion annually, according to congressional and postal officials, who confirmed the news ahead of a formal announcement.