WASHINGTON (AP) — The post office is renewing its drive to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year.
Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.
'The projections going forward are not bright," Potter told reporters in a briefing. But, he added, 'all is not lost … we can right this ship."
