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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 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

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.

Fri, Sep 8, 2017 Ronald Ca.

Yeah. That's the ticket. One can only imagine the postal bosses joking among themselves that a 3 cent stamp still costs "only" 49 cents, so why not raise the price to 60 cents? It is unfortunate that the politicians have tied the hands of half a million postal employees by their failure to repeal the private express statutes. Other delivery services have highly motivated employees who compete for business. The result is that they and their employers benefit. Were the politicians to repeal the private express statutes, that would take the handcuffs off Postal service employees. Rather than losing all their motivation by getting bogged down by "the system" Postal Service employees could become a valuable asset. Ronald

Fri, Sep 8, 2017

The postal service does not need to increase their revenue. The need to reorg their business for the 21st century. Most of us get our monetary deposits and important mail digitally anyway. I would be very happy with postal delivery only 3 times a week.

Fri, Sep 8, 2017 Fedup

Maybe if they raise the "junk" mail rate up about 500%, that would pull them out. As much junk mail that I receive, it's has to help.

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