Honolulu, Hawaii 2021-06-08 06:49:33 –
Washington DC: Retail, publishing, newspaper and greeting card companies have expressed strong opposition to the 7% postage increase proposed by the United States Postal Service (USPS), urging Congress to revisit it before the price increase is finalized. It was.
Among those protesting the price increase were the retailers’ association NRF, Amazon, eBay, and the US business association GCA.
The soaring postage is expected to take effect on August 29, “US citizens and businesses, especially small businesses, nonprofits, charities, consumers … businesses that rely on mail for their work. “Support” and the 21st Century Postal Services Coalition wrote in a June 4 letter on behalf of major business mailers.
However, the United States Postal Service has said over the past 14 years that it “did not have sufficient pricing power to respond to the changing reality of the market.”
The post office has justified a postage increase as the volume of mail has declined by 46 billion over the last decade, reaching 28% and steadily declining.
A spokeswoman for the United States Postal Service said, “We may have seen more revenue than last year, but it’s not enough to offset the loss of more than a decade.”
Nevertheless, the USPS states that it continues to offer some of the cheapest postage in developed countries.
With the new pricing, delivery costs for first class letters are now 58 cents, an increase of 3 cents.
Stiff opposition to proposed rise in U.S. postal rates Source link Stiff opposition to proposed rise in U.S. postal rates