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Price change announced October 7, 2022; new non-machinable surcharge: 40 cents July 9, 2023 [22] ... Bulk postal rates were restructured in 1996: [citation needed]
Starting on Oct. 1, the U.S. Postal Service will implement new standards and rules for its first-class mail service. This will lengthen the delivery time for approximately 30% of the packages and ...
Oct. 1—New service standards for mail delivery go into effect on Saturday, Oct. 1, according to information released by the United States Postal Service. The changes do not effect the bulk of ...
In fiscal year 2022, the Postal Service had $78.81 billion in revenue and expenses of $79.74 billion. Due to one-time appropriations authorized by the Postal Service Reform Act of 2022, the agency reported a net income of $56.04 billion. [50] In the 2023 fiscal, revenue had increased to $79.32 billion, but reported a net loss of $6.48 billion. [4]
President Joe Biden signs the Postal Service Reform Act in the State Dining Room of the White House on April 6, 2022. The act was first introduced on May 11, 2021, by Representative Carolyn Maloney (D-NY). [1] The House of Representatives then passed the bill by 342–92 on February 8, 2022. [4] On March 8, 2022, the Senate voted 79–19 to ...
The United States Postal Service announced plans to raise the price of Forever stamps and other postage for 2023. Upon approval from the Postal Regulatory Commission, USPS says the cost of first ...
Title II overhauled the process in which the USPS needed to change the rate of products, limiting any increase to the consumer price index. The process that the USPS needed to go through to change rates was also significantly more efficient than the older rate setting system, going from a six month or more process to a two month process. [2]
USPS in July hiked the price of a first-class mail stamp to 73 cents from 68 cents and raised overall mailing services product prices by 7.8%. ... or 31% of USPS 2023 revenue. In 2022, President ...