The U.S. Postal Service got plenty of headlines with its recent announcement that it plans to eliminate Saturday delivery. But for businesses that collect payments via snail mail, the big impact has come from the changes the Postal Service announced early last year, changes that have slowed delivery times.
In January of 2012, the Postal Service said it would eliminate a number of its processing facilities. It also revised its standards for two-day delivery from mail that originates from within roughly a 12-hour transportation range of a processing center to mail from within a six-hour range.
“Those standard changes are the biggest impact corporate America is going to see,” said Lex Litton, a senior vice president at Phoenix-Hecht, a financial services research firm in Research Triangle Park, N.C.
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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.
