Sent any business-related mailings lately? Notice anything different? Like a lighter wallet, perhaps?
The U.S. Postal Service has raised its rates by about 1.7 percent overall, with most of the higher rates impacting businesses. The increases are meant to boost the bottom line for the financially struggling USPS, but the Associated Press says the impact will be minimal.
“The post office has been struggling financially as the Internet siphons off a lot of letters, bills and payments that it used to handle. And that has been complicated by the nation's economic slump, which reduced advertising mail,” the AP reports. “The agency lost $8.5 billion last year and the rate increases — estimated to bring in an added $340 million this fiscal year — won't make much of a dent in that. The Postal Service is limited to increases at or below the rate of inflation. A request to exceed that was rejected by the independent Postal Regulatory Commission. The post office, which is not subsidized by taxes, is appealing that ruling, but in the meantime is instituting this increase.”
Here are the new rates, sent to MACPA Multimedia Manager Julia Delligatti by the folks at HBP Inc. Thanks, everyone!