The U.S. Postal Service on Thursday said it will permanently raise postage rates next year to cover higher fuel costs.
The USPS will make a temporary 8% surcharge on select postage prices, originally introduced in April, permanent in 2027, and also tack on a 3% price increase. The USPS Board of Governors, which oversees the agency’s policies, approved the 11% hike, according to the USPS.
The changes will take effect on Jan. 17, 2027.
“The USPS governors believe these new rates will keep the Postal Service competitive while providing the agency with much needed revenue as it continues to struggle with financial issues,” the agency said in a statement.
Makes ya wonder how well USPS would be doing if the republicans didn’t force them to have pensions fully funded at once for no reason other than to try and cripple the USPS so they can outsource it for 4x the cost in the name of sMaLl GoVeRnMeNt
I believe the previous president took care of that, and to my knowledge that is one of the few things that hasn’t currently been undone.
The Postal Service Reform Act of 2022
(PSRA) contains several provisions designed to affect the Postal Service’s finances and operations. One of the most significant changes in the law has to do with the Postal Service’s requirement to fund its retirees’ health benefits costs out of its revenues. The PSRA removed the requirement for USPS to fully prefund this obligation by making multi-billion dollar advance payments into a dedicated fund each year to cover premium payments for retirees that might be decades in the future. The Postal Service though is still ultimately responsible for covering the cost of these premium payments when they are due.
Good thing we didn’t force them to give up electric vehicles. That would’ve been stupid.
I saw some of the new ones in Washington state. They look very neat. Kinda like a friendly duck. It is too bad that never went anywhere. America at this point I guess. Hey, Canada is nice, eh?
not all of the Oshkosh NGDVs are electric. which is kinda sad.
Also, they really should have painted the front safety-yellow. You know. For safety. (Certainly not to lean into the duckmobile thing.)
It won’t impact many of our elected officials who enjoy free postal service as a perk.
Alternative to CBS.
