The U.S. Postal Service gotplenty of headlines with its recent announcement that it plans toeliminate Saturday delivery. But for businesses that collectpayments via snail mail, the big impact has come from the changesthe Postal Service announced early last year, changes that haveslowed delivery times.
In January of 2012, the Postal Service said it would eliminate anumber of its processing facilities. It also revised its standardsfor two-day delivery from mail that originates from within roughlya 12-hour transportation range of a processing center to mail fromwithin a six-hour range.
“Those standard changes are the biggest impact corporate Americais going to see,” said Lex Litton, a senior vice president atPhoenix-Hecht,a financial services research firm in Research Triangle Park,N.C.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
