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CHICAGO (CBS) – With bankruptcy looming over the U.S. Postal Service, it’s possible that next-day delivery will no longer be an option.
WBBM Newsradio’s Michele Fiore reports the biggest loser in this would be the procrastinator.
The Postal Service is expected to announce $3 billion in cuts on Monday. The cuts may close 250 of the nearly 500 mail processing centers around the country, as well as some 3,700 local post offices this coming Spring.
LISTEN: WBBM Newsradio’s Michele Fiore Reports
The loss would force first class mail delivery to take between two to three days instead of the present one to three.
The Postal Service is expecting a record loss of $14.1 billion next year amid steady declines in first class mail volume.
Small town mayors and legislators in states including Illinois, Missouri, Ohio and Pennsylvania cited the economic harm if postal offices were to close, eliminating jobs and reducing service.
Small business owners in many other states also were worried.