The U.S. Postal Service has decided they can save about $1.5 billion a year in postal expenses by adding a day to first class and priority mail delivery. The change would allow them to not pay weekend overtime and to use cheaper ground transportation instead of air. Post office executives are expected to announce some of their plans for delivery changes after Labor Day.

This comes on the heels of the announcement that the service had a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress didn’t step in.

In its fourth straight year of declines, the USPS had a net loss of $8.5 billion for the 2010 fiscal year.

This is yet another reason to go paperless. Being an avid technology user, I have switched all monthly bills to paperless and I will frequently use my iPhone to pay bills. If the mailman never […] → Keep reading