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Go slow with snail mail, Postal Service says

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The U.S. Postal Service, which is trying to cut $20 billion in operating costs by 2015, is seeking to slow mail delivery to help save $2.1 billion a year, Bloomberg reported. The service is asking the Postal Regulatory Commission to let it relax delivery standards for first-class mail, which includes letters and bills, David Williams, vice president of network operations, said today at a news conference. Slowing mail delivery would reduce the number of mail-processing plants the Postal Service needs, Williams said. The service said in September it was considering loosening delivery standards and closing 252, or more than half, of its mail-processing plants. The agency said last month it expects a $14.1 billion loss in 2012 as mail volume continues to drop.