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Stamp Prices

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USPS cash crunch could hit empty by October without reforms
business25 days ago

USPS cash crunch could hit empty by October without reforms

The head of the U.S. Postal Service told Congress it could run out of money as soon as October or November if it must keep making required retirement payments, and urged higher stamp prices, broader borrowing authority, and other reforms. He laid out cost-cutting options such as ending six-day deliveries or closing post offices, though these could be politically unpopular, and noted the agency has posted large losses while awaiting a broader plan from Alvarez & Marsal.

via Reuters|
#alvarez-and-marsal#business#government-finances
USPS Stamp Prices to Rise Starting Sunday
business9 months ago

USPS Stamp Prices to Rise Starting Sunday

The US Postal Service is increasing stamp prices by 5 cents starting July 13, 2025, marking the 20th rate change since 2000 and the seventh since 2021, with the new rate for a 1-ounce letter rising to 78 cents. The hike is part of USPS's plan for biannual rate increases in 2026 and 2027, pending approval, and comes amid declining mail volume. Costco is offering members a chance to lock in the current 73-cent Forever stamp price until July 28, 2025.

via Axios|
#business#forever-stamps#mailing-costs
"USPS Plans July Increase: 1st Class Stamp Prices to Reach 73 Cents"
business2 years ago

"USPS Plans July Increase: 1st Class Stamp Prices to Reach 73 Cents"

The US Postal Service has filed a notice to increase the price of First-Class "Forever" stamps to 73 cents from 68 cents, marking an almost 8% hike in mailing services products' cost, set to take effect in July. This comes as part of the agency's efforts to achieve financial stability outlined in its 10-year plan. The increase follows previous hikes, with stamp prices having soared 36% since 2019. The Postal Regulatory Commission will need to approve the change, and other adjustments include raising domestic and international postcard prices. The decline in First-Class mail due to online communication has impacted the Postal Service's business, with the agency expecting a $6.3 billion loss in 2024.

via CNN|
#business#financial-stability#postal-regulatory-commission
USPS Plans 73-Cent Stamp Price Hike
us-news2 years ago

USPS Plans 73-Cent Stamp Price Hike

The U.S. Postal Service has proposed an 8 percent increase in postage prices, including a rise in the cost of a Forever stamp to 73 cents from 68 cents, with the changes set to take effect in July pending approval from a regulatory commission. These price hikes are part of the Postal Service's 10-year plan to address projected losses of $160 billion, attributed to factors such as the requirement to fund retiree health care benefits in advance and declining mail volume.

via The New York Times|
#postal-service#price-hike#regulatory-commission
"USPS Proposes 5th Stamp Price Hike in 3 Years to 73 Cents"
business2 years ago

"USPS Proposes 5th Stamp Price Hike in 3 Years to 73 Cents"

The U.S. Postal Service is planning a 7.8% rate increase, including raising the cost of a first-class stamp from 68 cents to 73 cents, in an effort to achieve financial stability and address what it calls a "defective pricing model." The proposed increase, if approved by the Postal Regulatory Commission, would take effect on July 14 and also includes adjustments to special services such as money order fees and certified mail, while keeping post office box rental prices unchanged and reducing postal insurance fees by 10%.

via Fortune|
#business#financial-stability#postal-regulatory-commission
US Postal Service's $6.5 billion net loss in 2023 fiscal year
business2 years ago

US Postal Service's $6.5 billion net loss in 2023 fiscal year

The US Postal Service reported a net loss of $6.5 billion for the 2023 fiscal year, with revenue down 0.4% to $78.2 billion. The decline in revenue was attributed to a decrease in first-class mail volume, which fell to its lowest level since 1968. The Postal Service cited the impact of inflation on operating expenses as a significant factor in the financial results. Despite higher stamp prices, first-class mail volume decreased by 6.1% in 2023. The agency is currently implementing a 10-year restructuring plan to address predicted losses and has received financial relief of about $50 billion from the government.

via Reuters|
#business#net-loss#restructuring-plan
US Postal Service Implements Stamp Price Hike on July 9
business2 years ago

US Postal Service Implements Stamp Price Hike on July 9

The United States Postal Service (USPS) is raising the price of a "forever" stamp for first-class mail from 63 to 66 cents as part of increased mailing prices approved by the Postal Regulatory Commission. The price adjustments are necessary to provide the USPS with much-needed revenue to achieve financial stability amid rising operating expenses and the effects of a defective pricing model. The cost of sending metered letters and postcards will also increase, while the USPS has raised stamp prices by 32% since 2019 to boost revenue as mail volume continues to decline.

via FOX 9 Minneapolis-St. Paul|
#business#financial-stability#mailing-prices
business2 years ago

Postal Services Worldwide Increase Stamp Prices, Impacting Businesses and Consumers

The U.S. Postal Service will raise the price of first-class mail "Forever" stamps to 66 cents from 63 cents, citing rising operating costs fueled by inflation. The price increase will take effect on July 9. The cost to send a domestic postcard will increase to 51 cents, and a 1-ounce letter mailed to another country will jump to $1.50. These adjustments are aimed at providing the Postal Service with much-needed revenue to achieve financial stability as part of its Delivering for America 10-year plan.

via USA TODAY|
#business#inflation#postal-service
USPS to Increase First-Class Stamp Prices for Third Time in a Year Due to Inflation
business3 years ago

USPS to Increase First-Class Stamp Prices for Third Time in a Year Due to Inflation

The US Postal Service has filed notice to increase the cost of a first-class stamp for the third time in a year, from 63 cents to 66 cents, to offset rising inflation. The latest increase, approved by the agency's Board of Governors, will go into effect on July 9, 2023. Other services, including certified mail, money orders, and post office boxes, will also become more expensive. The Postal Service has been carrying an annual budget deficit of $10 billion and more than $188 billion in debts and unfunded liabilities, mostly from the underfunding of workers' pensions and retiree medical benefits.

via CNET|
#business#financial-stability#forever-stamps
USPS to Increase First-Class Stamp Price to 66 Cents Due to Inflation
business3 years ago

USPS to Increase First-Class Stamp Price to 66 Cents Due to Inflation

The U.S. Postal Service has proposed raising the price of first-class mail stamps from 63 to 66 cents, citing rising operating expenses fueled by inflation. If approved, this will be the second price hike this year and will take effect in July. The USPS has been hit by inflation in multiple ways, including higher compensation and transportation expenses. The proposed increase is needed to provide the Postal Service with much-needed revenue to achieve financial stability.

via Fox Business|
#business#financial-stability#inflation