EcommerceBytes-NewsFlash, Number 161 - September 12, 2001 - ISSN 1539-5065
In an announcement made yesterday, the U.S. Postal Service will file for a rate hike that could increase the cost of a first-class stamp to 37 cents. The cost of Priority Mail service may also rise by 13%. There have already been two rate increases by the USPS, one in January and another this summer, but the post office still faces a deficit of $1.6 billion this year. A rate request filed this month would be unlikely to take effect before the autumn of 2002 and the rate commission may modify or reduce the requested increase.
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