The U.S. Postal Service reported a quarterly net loss of $2.4 billion. The service says it expects a $7 billion dollar loss for the entire fiscal year.
What's to blame? The USPS sites the recession as well as e-mail and electronic bill payment. The volume of so-called snail mail has dropped by 20 billion pieces this year and is expected to drop another 10 billion pieces in 2010.
Postmaster General John Potter says the agency needs to cut delivery service to five days a week.
So what do you think about a reduction in daily delivery? Do you even use the U.S. Postal Service?
Leave us a comment.
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