USPS wants to lift a cap on postal rates

The U.S. Postal Service is currently petitioning the Postal Regulatory Commission to receive permission to lift a cap on postal rates as part of an effort to relieve its financial troubles, the Associated Press reports.

An analysis by the industry trade group Coalition for a 21st Century Postal Service found that USPS would need to increase the cost of a single stamp to 60 cents in order to avoid bankruptcy and offset the declining use of mail and address its onerous retiree health benefit costs, the report notes.

USPS did not dispute the analysis, according to the article, which added that the commission is expected to act within weeks on the request to raise rates.

Reader comments

Wed, Oct 4, 2017

I'm in favor of raising the cost of junk mail...hopefully it might discourage some of them. I enjoy USPS especially their parcel delivery - UPS, not so much.

Tue, Oct 3, 2017

Postal service gives Amazon money to ship each package. Stop it.

Fri, Sep 15, 2017

Typical profiteers calling for privatization, end to parcel delivery, and end to 6-7 day delivery. But we all know the mega junk mailers can send letters in bulk for 9-11 cents, and they should no longer be subsidized given the falling first class volume.

Mon, Sep 11, 2017

The comment about junk mail makes a lot of sense. The postal employees do a great job and do work under many conditions other folks are not aware of. I think that even a 15 cent increase in first class mail postage would be acceptable to continue with the great service the post office provides. I actually endorse that junk mail should cost more to send since there seems to be a lot of that every day. Raise junk mail to 50 cents per item.

Sat, Sep 9, 2017

Keep raising the cost of stamps and even less people will use the mail system and then where will you get your revenue from. I use the mail system to pay my bills but if stamps keep going up maybe I will pay my bills online or throu the bank and save the costs of stamps each month.

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Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
Tom Fox VP for Leadership and Innovation, Partnership for Public Service
Mathew B. Tully Legal Analyst

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