Postal Rates Might Be Going Down?
Last year the mailing industry was socked with the largest postal rate increase in 11 years. A first class stamp jumped from .46 to .49. The reason the postal rates needed to jump by 6% was the massive loss the Postal System faced due to the recession. It was also called an emergency move, only to recoup some $3 billion and it would be temporary, but with no expiration date set. Yes I am cyclical.
In true government fashion, the USPS later tried to make the move permanent. They need that money moving forward to stay viable was their basic point.
Members of the commercial mailing industry immediately jumped in with court challenges as this increase was about 3 times the “normal” increase seen in years past and set quite a precedent.