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The United States Postal Service uses the words "flats" and "nonletters" interchangeably to refer to large envelopes, newsletters, and magazines. Size restrictions [ edit ]
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 ]
Postage companies use different forms of post, boxes or envelopes, to avoid having to weigh items. The on-hand cost lets consumers identify the cost and removes the hassle of estimate the cost for items. The United States Postal Service offers flat-rate pricing for packages selling different postage options varying in size and shape. [2]
In 2007, the US Postal Service discontinued its outbound international surface mail ("sea mail") service, [3] mainly because of increased costs. Returned undeliverable surface parcels had become an expensive problem for the USPS, since it was often required to take such parcels back.
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.
In May 2007, the United States Postal Service (USPS) adopted dimensional weight, calling it "Shape Based Postage Pricing". This rate system is designed to charge more for lightweight items, and also to recover costs involving manual sorting and handling, since many postal machines are built to handle flats.
On June 7, 1997, the United States Postal Service terminated Special Delivery mail service [8] which left many unused Special Delivery stamps in circulation that were no longer valid for such postage. The remaining stamps were allowed to be returned to the Post Office for their face value as "services were not rendered". [9]
On September 25, 2013, the USPS announced a 3-cent increase in the First Class postal rate, effective January 26, 2014, increasing the price of a stamp to 49 cents. Bulk mail, periodicals, and package service rates were also increased by 6 percent. A loss of US$5 billion during the 2013 fiscal year was the reason given for the increase. [30]