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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]
In 2022, 15.8 million people — 10.4% of the U.S. labor force — worked in transportation, warehousing and related industries — a 5.0% increase from 2021.”
Now is the time to stock up on stamps, and the clock is ticking. The United States Postal Service announced a big increase in the price of first class forever stamps. Stamp prices will increase ...
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 ...
Title II overhauled the process in which the USPS needed to change the rate of products, limiting any increase to the consumer price index. The process that the USPS needed to go through to change rates was also significantly more efficient than the older rate setting system, going from a six month or more process to a two month process. [2]
Between 2021 and 2023, USPS has raised the postage rate four times. [140] 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. [141] It also reported that its projected ten-year losses had been reduced from $160 billion to $70 ...
The rate increase, to thirteen cents (US$0.13), occurred just after Christmas. The United States also issued stamps with letter denomination, beginning from A, B, etc., during postal rate changes. After reaching the letter "H", this practice was discarded in favor of simply indicating the class of postage (e.g., first class) for which the stamp ...
USPS gave a sneak peek at other stamps coming next year. (Scripps News)