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The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks — while retaining local mail delivery times of one to ...
The U.S. Postal Service said the proposed changes would go into effect in 2025. One critic calls it a "recipe for a death spiral." USPS says some rural mail delivery could get slower amid cost cuts
USPS proposes changes to save $3B per year, starting in 2025 By DAVID SHARP Associated Press The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks — while retaining local mail delivery times of one to three days and track some delivery schedules with greater ...
Back in July, the price of a first-class stamp jumped from from 68 cents to 73 cents, marking the largest increase since 2019. The USPS has steadily raised postal rates in recent years, with stamp ...
A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries. Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries.
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]
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail.
Again, because USPS runs on the federal holidays' schedule (AKA it coincides with bank holidays), you can expect most major holidays and three-day weekends to mean USPS facilities and services are ...