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For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two years. Even more increases are to come as this 10-year plan plays out.
The USPS has raised postage rates twice in 2024, with a two-cent per stamp increase in January and a second boost in July, which raised the cost of a Forever stamp to 73 cents.
Ground Advantage prices will go up 5.4%, Priority Mail will increase by 5.7%, and Priority Mail Express will be raised 5.9% starting Jan. 21, 2024. USPS said it is also seeking a price increase ...
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.
They can come from withdrawn stocks of stamps cancelled in sheets and sold as remainders or from new sheets for sale at reduced rates to the stamp trade. [2] Postal services of various countries do this in response to collector demand, or to preclude stamps issued for the collector market being used on mail.
The surplus above the price of the first-class stamp is collected by the United States Postal Service (USPS) and allocated to the National Institutes of Health (NIH) and the Department of Defense (DoD) for breast cancer research. Originally created in 1997, Congress has reauthorized the Breast Cancer Research Stamp several times.
The USPS has steadily raised postal rates in recent years, with stamp prices rising 46% since early 2019, ... The best books of 2024, according to Goodreads. See all deals. In Other News.
A USPS fact sheet about the proposed changes notes that the plan would have no impact on 75% of first-class mail. The combination of higher prices and slower delivery raises the risk that the USPS ...