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Monday, January 28, 2019

USPS to hike stamp prices by record amount

https://www.foxbusiness.com/financials/usps-to-hike-stamp-prices-by-record-amount

The price to ship a small flat-rate box was raised to $7.90, from $7.20, while a large flat-rate box was raised by more than $1 to $19.95.
Priority Mail Express prices rose by 3.9 percent, while Priority Mail increased 5.9 percent – those prices aren’t adjusted in line with inflation, but rather with perceived market conditions. First-class mail prices rose by 10 percent.
The hikes come as the Postal Service recorded a net loss of $3.9 billion during fiscal 2018, which is an increase of more than $1 billion over the losses it suffered in 2017. Overall volume declined by 3.2 billion pieces, which includes a 3.6 percent decline in first-class mail volume – its main source of revenue.

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