Current location:World Warp news portal > travel
US Postal Service seeks to hike stamp prices to 73 cents
World Warp news portal2024-05-22 01:56:23【travel】2People have gathered around
IntroductionWashington —The United States Postal Service (USPS) said on Tuesday it wants to raise the price of f
The United States Postal Service (USPS) said on Tuesday it wants to raise the price of first-class mail stamps to 73 cents from 68 cents effective July 14.
The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices by 7.8%.
USPS in November reported a $6.5 billion net loss for the 12 months ending Sept. 30 as first-class mail fell to the lowest volume since 1968. Stamp prices are up 36% over the last four years since early 2019 when they were 50 cents.
USPS has been aggressively hiking stamp prices and is in the middle of a 10-year restructuring plan announced in 2021 that aims to eliminate $160 billion in predicted losses over the next decade and had previously forecast 2023 as a breakeven year.
USPS has been raising stamp prices twice yearly and has said it expects its "new pricing policy to generate $44 billion in additional revenue" by 2031.
A number of lawmakers have raised concerns about USPS planned changes to its processing and delivery network that could impact timely deliveries.
First-class mail volume fell 6.1% in the 12 months ending Sept. 30, 2023, to 46 billion pieces and is down 53% since 2006 -- to the lowest volume since 1968 -- but revenue increased by $515 million because of higher stamp prices.
Address of this article:http://cambodia.quotesbonanza.com/news-47f299944.html
Very good!(21292)
Related articles
- Six killed in a 'foiled coup' in Congo, the army says
- Fallout v Halo: As Fallout 4 drops its next
- Supreme Court on Donald Trump's immunity claims: Key moments, explained
- Jaguars select LSU WR Brian Thomas Jr. in the NFL draft, giving QB Trevor Lawrence a big target
- With Djokovic awaiting the winner, Murray trails Hanfmann at rain
- Woman dies after being pulled from river as police arrest man in his 40s 'known to her'
- Man shoots his friend dead for taking a bite out of his girlfriend's burger
- Las Vegas Raiders take Georgia tight end Brock Bowers with the 13th pick in the NFL draft
- Mark Wahlberg's new action
- A's place second baseman Zack Gelof on injured list with left oblique strain
Popular articles
Recommended
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
Debates to play a major role in Pennsylvania's 2024 US Senate election
Guatemalan prosecutors raid offices of Save the Children charity
Rory McIlroy and Shane Lowry share lead in team event at TPC of Louisiana
Bella Hadid goes braless in a thigh
Mike Trout leading majors in home runs, but is looking for more consistency at the plate
Rams make a rare first
No 10 hits back at Emmanuel Macron's jibe that the Rwanda scheme is a 'betrayal' of European values
Links
- Tourism in Brazil up 7.8% in 2023
- HK gov't declines to say how much funding it gave for 'Chubby Hearts'
- China news: Mystery as Xi Jinping unexpectedly skips key speech
- Tech industry plans for lower
- 'Major logistics exercise' to deliver humanitarian aid from NZ to Gaza
- Chinese state media demands British Museum return 23,000 cultural relics
- Russia hits vast dam in war's largest strike on Ukrainian energy infrastructure, Kyiv says
- Teenagers named as victims of Nelson off
- Chris Hipkins says sick children shouldn't be at school
- Buildings shake briefly as earthquake rattles Taiwan