US Postal Service stands by cost cuts - Dayton Business Journal
The U.S. Postal Service defended its cost cutting plan before Congress on Monday, saying its estimate that cutting back from mail delivery six days a week to five days will save it $3.1 billion annually.
The Postal Service disputed a report that says the cutback would save considerably less.
The Postal Service is trying to find ways to cut costs and remain financially competitive given increased pressure from use of e-mail, as well as delivery services such as those offered by FedEx Corp. and United Parcel Service.