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This follows an increase in January 2024 and marks the sixth increase since January 2021. Despite these ongoing price hikes, the United States maintains relatively inexpensive postage compared to other developed countries. 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.
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession , and prepaying for employee benefits as stipulated in PAEA. [ 14 ]
Between 2021 and 2023, USPS has raised the postage rate four times. [150] In May 2023, USPS reported a $2.5 billion loss over the year's first quarter, with approximately $500 million of that figure related to costs within the agency's control. [151] It also reported that its projected ten-year losses had been reduced from $160 billion to $70 ...
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The proposed changes will shave about $3 billion a year, the USPS said on Thursday. But, it added, "Depending on location, time and distance, expected time to deliver will increase for some ZIP ...
The U.S. Postal Service had a lot to contend with this year between a pandemic, an election that relied heavily on mail-in ballots and a change in leadership that resulted in some questionable ...
In 2012, a new book club format referred to as author-led book clubs was introduced by Business Book Club "12 Books." Author led book clubs include the author of the current book as part of the discussion; it often concludes the discussion with a live conference call or webinar .
USPS is also seeking a price increase for services like post office box rental fees, certified mail and some international mail services.