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The price increases are due to the change in mailing and shipping marketplace, according to the U.S. Postal Service. The increase will help cover the service's 10-year Delivering for America plan .
The proposed price hikes, which would take effect Jan. 19, include a 3.2 percent increase for Priority Mail and Priority Mail Express services. USPS Ground Advantage rates would rise by 3.9 ...
In 2023 alone, the postal service reported a $6.5 billion deficit. For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two ...
The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020.
After increasing the price of a first-class postage stamp to 68 cents in January, the U.S. Postal Service is planning to increase the cost again in the coming days.. The USPS will bump the cost of ...
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]
English: A USPS package containing COVID-19 tests from the fifth round of free US distributions in the fall of 2023, with instructions regarding FDA extensions of test expiration dates. Date 6 October 2023
If approved by the Postal Regulatory Commission, the changes would take effect Jan. 21, 2024. New rates include… Postal Service to increase stamp prices again in 2024 due to ‘inflationary ...