US POSTAL WANTS STAMP ANOTHER PRICE INCREASE DESPITE GROWTH: LOSSES IN…

Posted on May 10, 2017

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Tulsa World: “The U.S. Postal Service is hoping it can soon raise stamp prices by a penny or more. The postal service on Wednesday reported a quarterly loss of $562 million, despite growth in package delivery, due to continued erosion in the use of first-class mail as well as expensive mandates for its retiree health care obligations. It also attributed losses to a forced reduction in stamp prices last year.”

“The postal service is generally barred under federal law from raising prices more than the rate of inflation. …
The financial report shows earnings of more than $12 million for the three months that ended on March 31.”

They cannot cover health care for retirees.

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Tulsa World: Postal Service, citing losses, seeks higher stamp prices

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Posted in: News