USPS wants to hike stamp prices in July. It's just the beginning of a plan to raise prices at 'an uncomfortable rate.'
Companies, agencies, institutions, etc
The U.S. Postal Service
the Postal Service
USPS
the Postal Service Reform Act
Medicare
Planned PricesThe Postal Regulatory Commission
the Alliance of Nonprofit Mailers
Priority Mail and Priority Mail Express
The Postal Service
The Alliance of Nonprofit Mailers
the Association for Postal Commerce
the Postal Regulatory Commission
Congress
the House Oversight Committee
Postal Reform
days."The Postal Service
the Save the Post Office Coalition
the committee.“The Postal Service
the Postal Service –
Wi-Fi
USPSPostal
The Environmental Protection Agency
Government Accountability Office
EV
OSM Worldwide
@mikesnider
People
Louis DeJoy
Biden
Stephen Kearney
Carolyn Maloney
Gerry Connolly
David Coleman
Porter McConnell
James Comer
Gaston Curk
Mike Snider
Groups
Black
R
Republican
Democratic
Physical locations
No matching tags
Places
No matching tags
Locations
FedEx
Florida
PRC
Kearney
D-N.Y.
D-Va
USA
Ky
California
New York
Chicago
Events
No matching tags
Summary
And that may not be the only price hike in the near future.Postmaster General Louis DeJoy said May 5 he expected the Postal Service to continue to raise prices "at an uncomfortable rate" until the agency becomes self-sufficient.The USPS proposed the rate increase a month ago, on April 6, the same day President Biden signed the Postal Service Reform Act of 2022, legislation meant to bolster the agency, which has faced financial challenges as well as stiff competition from shippers such FedEx and UPS.In addition to ensuring six-day-a-week mail delivery, the new law is expected to save the agency an estimated $50 billion over the next decade, DeJoy said. "By doing so, the Postal Service can entrust its ground network to deliver more (first-class mail), which will lead to greater consistency, reliability, and efficiency that benefits its customers."The concern is that "when mail service slows, people use the mail less," said Porter McConnell, co-founder of the Save the Post Office Coalition.Declining volumes – and competitive pricing – are factored into the agency's 10-year strategic plan, announced in March 2021 by DeJoy. The USPS' rate increase takes into account inflation, too, said Rep. James Comer, R-Ky., the ranking Republican on the committee.“The Postal Service must operate like a business to be financially sustainable," he told USA TODAY.
As said here by