U.S. Postal Service to Cut Saturday Mail Delivery — Eric Spillman Reports

WASHINGTON (KTLA) — The U.S. Postal Service Wednesday announced plans to cease delivering letters and other first-class mail on Saturdays beginning Aug. 1.

The move comes as a cost-cutting measure.

“We’ve posted a financial loss of $15.9 billion. By any measure that is unsustainable and unacceptable,” said Postmaster General Patrick Donahoe.

Ending Saturday delivery is expected to save about $2 billion a year.

Packages, which are increasing with online shopping, will still be delivered Saturdays.