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The U.S. Postal Service (USPS) will raise shipping prices in early 2025 while keeping the cost of first-class stamps unchanged. The proposed price hikes, which would take effect Jan. 19, include a ...
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 ...
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 ...
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
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]
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
Critics including union members note the politicization of the USPS, the mishandling of absentee ballots during the 2020 elections, and ongoing delivery delays. Mark Dimondstein , president of the American Postal Workers Union also noted the lack of diversity on the current board: all members are men, there are no African Americans, and there ...