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In the first quarter of fiscal 2024 alone, USPS reported a $2.1 billion net loss, more than double its $1 billion net loss during the same time period in 2023. (The USPS says it plans to break ...
In 2023 alone, the postal service reported a $6.5 billion deficit. For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two ...
USPS plans second rate hike of 2024. You are not having déjà vu, stamp prices are going up again this year by 7.8%. The price increase is expected to start this month. There will not be a price ...
A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries. Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries.
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six day a week delivery of mail. [3]
On January 26, 2014, the postal service raised the price of First-class postage stamps to 49 cents. Rates for other mail, including postcards and packages, also increased. [52] Starting in 2005, the USPS offered customers the ability to design and purchase custom stamps, which were offered through third-party providers, like Stamps.com and Zazzle.
Upon approval from the Postal Regulatory Commission, USPS says the cost of first-class stamps will increase from 60 cents to 63 cents on Jan. 22. These proposed prices were approved by the Postal ...
View 6 Photos. WASHINGTON — Oshkosh Defense said Tuesday it will build next-generation U.S. Postal Service (USPS) mail delivery vehicles in Spartanburg, South Carolina, and expects to hire over ...
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