Current location:Global Glimpse news portal > health
US Postal Service seeks to hike stamp prices to 73 cents
Global Glimpse news portal2024-05-21 12:21:38【health】8People 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://vanuatu.elfsignes.com/content-92b499904.html
Very good!(432)
Related articles
- Ship that caused Baltimore bridge collapse has been refloated
- Urban festival brings Olympic athletes closer to audience
- Barca may request Real replay if VAR error found
- UN official warns of unfolding tragedy in Gaza, urges immediate action
- Ship that caused Baltimore bridge collapse has been refloated
- Australian prime minister describes domestic violence as a 'national crisis'
- Chinese FM meets with Thai Princess Sirindhorn in Beijing
- China's top liquor brand reports 15.59 pct profit surge in Q1
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- You don't need great legs, good skin
Popular articles
Recommended
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
China's Bronze Age art comes alive in exhibition in San Francisco
Inner Mongolia one win away from WCBA title
China's NEVs powering up to lead global sustainability charge
Kristin Cavallari, 37, ignores critics of her age
Leverkusen salvage Dortmund draw to stay unbeaten
Search continues for 6 missing after Taiwan's 7.3
Tyler O'Neill's bloop single lifts Boston Red Sox past Chicago Cubs 5
Links
- China’s wisdom in taming desertification
- Xinhua Headlines: Russia, Ukraine to meet at Ukrainian
- Xinhua Headlines: Report on CPC's 'Second Integration' Theory Unlocks Understanding of China
- Sanyuesan: Folk art feasts across China
- Xinhua Headlines: Xi Attends SCO Summit, Calls for Unity, Coordination
- More potential for Sino
- Historic monuments in Dengfeng, central China
- 3D printed storage box to further propel China's lunar mission
- NetEase Inc renews game partnership with Blizzard
- Scenery of cole flowers in Mugang Township, China's Guizhou