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From the December/January 2012 issue of Treasury & Risk magazine
Postal Changes to Slow Bill Payments, But Not as Much
Remittance mail is likely to be given priority amid consolidation.
The U.S. Postal Service, struggling to make ends meet as mail volume declines, hopes to cut $2.1 billion in costs by eliminating up to half of its 487 processing facilities and loosening delivery standards.
While the proposed changes will slow delivery times, the details of the Post Office’s plan suggest remittance mail won’t slow as much as regular first-class items.