The U.S. Postal Service is projecting to lose billions of dollars in the coming years and postal leaders have proposed a plan to eliminate Saturday delivery to help to offset the shortfall. However, many groups, including postal worker unions, do not think this is the best choice to resolve the budget issues.
Consider This: The U.S. Postal Service is merely a victim of the tremendous growth of electronic delivery of information and the surge of competitors like Fed Ex and UPS. As broadband internet connectivity increases, that means more and more people will have access to email, online banking and other services that were previously managed through snail mail. Predictions are even saying that direct mail, or junk mail as we like to call it, which represents billions of dollars annually for the postal service, has dropped off dramatically in the past few years driving another stake in the coffin.
We will continue to need the U.S. Postal Service for many years to come, but just like most businesses, they need to evolve with changing market conditions. Canceling Saturday delivery service seems like a logical first step towards that evolution.