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☆ The Post Office wants stamp prices to rise five times in the next three years
  + stars: | 2024-09-26 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory Commission. The next price hike is planned for July 2025 and will then repeat “each January and July thereafter” through the end of 2027, the agency said. However, all price changes must be approved by the Postal Regulatory Commission and the specific price hikes weren’t announced. First-Class mail is becoming a smaller part of the Postal Service’s business because of online communication.
Persons: ”, Louis DeJoy, “ Organizations: New, New York CNN, United States Postal Service, Postal Regulatory Commission, weren’t, USPS Locations: New York
☆ Postage is going up again. You should care, even if you don’t send mail
  + stars: | 2024-07-13 | by ( Chris Isidore | ) edition.cnn.com   time to read: +9 min
Most people don’t use mail the way they used to – if they send out mail at all. And, most of all, businesses still depend on the mail to help them reach customers and keep the economy going. A history older than AmericaThe postal service and the United States have grown side by side since before the country’s birth – quite literally. The band The Postal Service was an indie-pop darling near the turn of the century. While stamp prices have doubled in that time, most experts point the finger at technology instead.
Persons: ”, Michael Plunkett, Benjamin Franklin, Alexis de Tocqueville, “ Alexander M, –, Santa Claus, Cliff, Newman, “, David Brin, Kevin Costner, ” Plunkett, Kevin Kosar, that’s, Plunkett, Sackler, ” ‘, doesn’t, Louis DeJoy, Kyle Grillot, Michael Kubayanda, Mark Dimondstein, ” Kubayanda Organizations: New, New York CNN, US Postal Service, Association for Postal Commerce, Boston Post, United States, Smithsonian Magazine, Getty, New York City, Postal Service, Post, ” Workers, Service, American Enterprise Institute, “, ”, Coalition, Century Postal Service, USPS, American Postal Workers Union Locations: New York, United States, Boston, United, Britain, France, Siren , Wisconsin, City, Los Angeles, AFP
☆ The US Postal Service wants to hike stamp prices again in July. Here’s how much you’ll pay
  + stars: | 2024-04-10 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Stamp prices are set to increase — again. If approved by the Postal Regulatory Commission, the change would take effect in July, raising the cost of mailing services products by nearly 8%. Stamp prices alone have soared 36% since 2019 when they used to cost 50 cents. The Postal Service last raised First-Class stamp prices by two cents in January, just a few months after it raised prices three cents in July 2023. Other changes include domestic postcard prices increasing from 53 cents to 56 cents and international postcard prices increasing from $1.55 to $1.65.
Persons: ”, General Louis DeJoy, DeJoy, Trump Organizations: New, New York CNN, US Postal Service, Postal Regulatory Commission, Postal Service, USPS Locations: New York
☆ US Postal Service seeks to hike stamp prices to 68 cents
  + stars: | 2023-10-06 | by ( David Shepardson | ) www.reuters.com   time to read: +1 min
A United States Postal Service (USPS) mailbox is seen in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 6 (Reuters) - The United States Postal Service (USPS) said on Friday it wants to raise the price of first-class mail stamps to 68 cents from 66 cents effective Jan. 21. The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices by about 2%, significantly less than prior price hikes. Stamp prices are up 32% over the last four years since early 2019 when they were 50 cents. USPS has been raising stamp prices twice yearly and expects its "new pricing policy to generate $44 billion in additional revenue" by 2031.
Persons: Andrew Kelly, David Shepardson, Chris Reese, Sandra Maler Organizations: United States Postal Service, REUTERS, Postal Regulatory Commission, USPS, Service, U.S . Congress, Thomson Locations: Manhattan , New York City, U.S
☆ US Postal Service hiking stamp prices Sunday
  + stars: | 2023-07-07 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
FILE PHOTO: A person enters a United States Postal Service (USPS) Post Office in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew KellyWASHINGTON (Reuters) - The United States Postal Service (USPS) is hiking the price of first-class mail stamps to 66 cents from 63 cents effective Sunday. This is the latest in a series of price increases to help offset inflationary pressures and declining first-class mail volumes. The Postal Service on Sunday is raising overall first-class mail prices by 5.4% after the Postal Regulatory Commission gave approval. USPS is raising stamp prices twice yearly and expects its “new pricing policy to generate $44 billion in additional revenue” by 2031.
Persons: Andrew Kelly WASHINGTON, Joe Biden, Biden Organizations: United States Postal Service, REUTERS, Postal Service, Postal, Commission, USPS, Service Locations: Manhattan , New York City, U.S
☆ Inflation hits the mailbox: Postage stamp prices are rising, again
  + stars: | 2023-04-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
The US Postal Service said Monday that it filed a notice with its regulators to increase prices on first-class mail stamps to 66 cents from 63 cents. The Postal Service said the hike was necessary to offset a rise in operating expenses. Surging prices have dented business across the global economy over the past two years, pushing up workers’ wages and increasing the costs of doing business. “These price adjustments are needed to provide the Postal Service with much needed revenue,” the agency said in a statement. Domestic postcards will also increase from 48 cents to 51 cents, and international postcards from $1.45 to $1.50.
☆ U.S. Postal Service seeks to hike stamp prices by 5.4%
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, April 10 (Reuters) - The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents. USPS won approval to hike stamp prices to 63 cents from 60 cents in January. The new hike would take effect July 9 if approved by the Postal Regulatory Commission to offset the rise in inflation. Postal Service. USPS is seeking approval to raise overall first-class mail prices by 5.4%.
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