Tagged: U.S. Postal Service (USPS)

In rural Vermont, the U.S. Postal Service decision to discontinue Saturday letter delivery is yet another blow to an institution that's long been a fixture of village life.

Last year, the U.S. Postal Service abandoned plans to close thousands of small post offices, opting instead to cut hours. But there are fears the cuts will continue until the rural post office is no more.

The United States Postal Service said it lost $1.3 billion in first quarter of its fiscal year. While that's still a huge number, it's a big drop from the $3.1 billion loss the service posted during the same time period last year.

Still, CNN Money reports, the service is still in trouble. It reports:

Transcript

DAVID GREENE, HOST:

NPR's business news begins with an ending.

(SOUNDBITE OF MUSIC)

GREENE: The U.S. Postal Service has just announced the end of first class mail deliveries on Saturday. It is part of an effort to slow enormous financial losses. And NPR's Yuki Noguchi has come into the studio to tell us what all this means for customers and the Postal Service. And Yuki, so when will my Saturday deliveries stop?