The USA Postal Service on Tuesday proposed an general improve of practically 8 % on the value of postage, the most recent in a sequence of stamp hikes over the previous three years.
The brand new costs would take impact in July, pending approval from an unbiased regulatory fee. Amongst different modifications, a Without end stamp would price 73 cents as a substitute of 68 cents, and the value of a home postcard would rise to 56 cents from 53 cents.
The proposed modifications, like a number of others since 2021, are a part of the service’s 10-year plan to boost costs and sluggish some deliveries, amongst different measures, to attempt to recoup $160 billion in projected losses over a decade.
The Postal Service has confronted monetary points for years as a result of it’s required to fund retiree well being care advantages for its staff prematurely. It’s additionally dealing with headwinds, like different postal providers globally, as fewer individuals ship mail. Its operations are usually not funded by tax revenues.
The worth hikes proposed on Tuesday would should be accepted by the Postal Regulatory Fee, an unbiased company in Washington that oversees the Postal Service.
