U.S. Postal Service cutting Saturday deliveries

The U.S Postal Service has announced a new delivery schedule taking affect Aug, 5, 2013 .

Package delivery will occur Monday through Thursday, and mail delivery Monday through Friday.

The Postal Service expects to generate approximately $2-billion in annual savings once the plan is fully implemented.

“The Postal Service is advancing an important new approach to delivery that reflects the strong growth of our package business and responds to the financial realities resulting from America’s changing mail habits,” Postmaster General and CEO Patrick R. Donahoe said.

“We developed this approach by working with our customers to understand their delivery needs and by identifying creative ways to generate significant cost savings.”

The Postal Service plans to publish specific guidance in the near future for residential and business customers about its new delivery schedule.

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