The Briefing Room

General Category => Politics/Government => Topic started by: Timber Rattler on April 10, 2024, 11:13:30 am

Title: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricing sy
Post by: Timber Rattler on April 10, 2024, 11:13:30 am: https://fortune.com/2024/04/09/post-office-stamp-price-increase-73-cents/

Quote
The U.S. Postal Service signaled plans Tuesday for a rate increase that includes hiking the cost of a first-class stamp from 68 cents to 73 cents, part of an overall 7.8% increase to take effect this summer.

The request was made to the Postal Regulatory Commission, which must approve the proposed increase that the Postal Service contends is necessary to achieve financial stability. If approved, the 5-cent increase for a “forever” stamp and similar increases for postcards, metered letters and international mail would take effect July 14.

U.S. Postmaster General Louis DeJoy previously warned postal customers to get used to “uncomfortable” rate hikes as the Postal Service seeks to become self-sufficient. He said price increases were overdue after “at least 10 years of a defective pricing model.”

EXCERPT

USPS committing suicide.
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: rustynail on April 10, 2024, 11:47:46 am: Haven't used a stamp lately.
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: Timber Rattler on April 10, 2024, 12:05:41 pm: Quote from: rustynail on April 10, 2024, 11:47:46 am
Haven't used a stamp lately.

We necessarily have to, since fulfilment and shipping are part of our business, and there are few alternatives.
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: rustynail on April 10, 2024, 12:25:13 pm: Quote from: Timber Rattler on April 10, 2024, 12:05:41 pm
We necessarily have to, since fulfilment and shipping are part of our business, and there are few alternatives.

Do you buy extra forever stamps as a hedge?
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: mountaineer on April 10, 2024, 01:06:38 pm: I hadn't realized they'd already gone to .68. I thought they were still .66.
Oh well, better buy a roll before the next price hike. **nononono*
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: Timber Rattler on April 10, 2024, 01:20:53 pm: Quote from: rustynail on April 10, 2024, 12:25:13 pm
Do you buy extra forever stamps as a hedge?

When we can but those only go so far.
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: Fishrrman on April 10, 2024, 10:37:14 pm: I'm using stamps these days at the rate of two or three a month -- just to mail bill payments.
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: libertybele on April 10, 2024, 10:43:10 pm: Quote from: Fishrrman on April 10, 2024, 10:37:14 pm
I'm using stamps these days at the rate of two or three a month -- just to mail bill payments.

Same here.
Title: Re: Post Office wants to hike stamp prices for 5th time in 3 years to make up for ‘defective’ pricin
Post by: banddag on April 10, 2024, 11:37:04 pm: Quote from: Timber Rattler on April 10, 2024, 11:13:30 am
https://fortune.com/2024/04/09/post-office-stamp-price-increase-73-cents/

USPS committing suicide.

USPS blows Fed-Ex/UPS out of the water for small package shipping. Way cheaper and in most cases 1 and in some cases 2 days quicker. on average. The Amazon deal was bad for customers of USPS because Amazon was charged less than actual shipping cost and we the taxpayer paid for it.

However, USPS learned how to process and ship small packages.