Struggling Postal Service wants to end overnight delivery to cut costs

The Postal Service, struggling to cut costs and conserve cash, said on Thursday it wants to end overnight delivery of letters and postcards and will study about 250 processing sites for possible closure.

The agency, which lost more than $3 billion last quarter, has said it must downsize drastically or will be forced to stop delivering mail by the end of next summer.

Overseen by Congress and a regulator, it funds its services with postal-related revenue and does not get any taxpayer dollars.

[link to www.dailymail.co.uk]