Postal Service Moves Toward Five-Day Delivery

"Postal Service Moves Toward Five-Day Delivery

WASHINGTON—The Postal Service took the first formal step Wednesday toward cutting mail delivery to five days a week…

The post office lost $3.8 billion last year and is facing projected losses of as much as $7 billion this year. Other proposals for cutting losses include changes in the financing of retiree health care and closing some mail handling centers and post offices.

Postal Vice President Sam Pulcrano said the agency has set up a Web site where people can learn about the proposal:"

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