Treasury Releases Postal Reform Proposal

A Treasury Department-led task force released a series of recommendations this week to overhaul the U.S. Postal Service’s business model without overly burdening taxpayers. Between fiscal 2007 and fiscal 2018, the USPS experienced net losses totaling $69 billion and is forecasted to lose tens of billions of dollars more over the next decade if its… Read more »

USPS Proposes Biggest Price Hike Since 1991

The U.S. Postal Service (USPS) last week proposed its biggest price hike for first-class mail since 1991. The USPS board of governors requested a 5-cent increase to the price of a First-Class “forever” stamp, from 50 cents to 55 cents. The cost of shipping services would vary by product, with Priority Mail Express set to… Read more »

PRC Proposes New Rate-Making System

The Postal Rate Commission (PRC) last month proposed a new rate system that would allow the struggling U.S. Postal Service (USPS) to raise postal rates significantly for each of the next five years. The PRC has the authority to review and change the rate system and, while there is no strong consensus on the commission,… Read more »