The U.S. Postal Service will eliminate Saturday mail delivery before the end of this year, but will still deliver packages six days a week. The end of Saturday mail deliveries is scheduled for the week of August 5th. Postal officials say the move will save about $2 billion annually for the struggling agency.

Postmaster General and Postal Service CEO Patrick Donahoe said

we developed this approach by working with our customers to understand their delivery needs and by identifying creative ways to generate significant cost savings.”

In a statement released by the Postal Service, officials noted that a 14 percent increase in package delivery and projections that show continued strong package shipments were behind the reason to keep package deliveries operating on Saturday.

Once the change is implemented, mail delivery to street addresses will cease on Saturdays, but mail addressed to P.O. boxes will continue.