Cost of mailing a letter going up

Error message

  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/swiftcounty/www/www/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined index: 0 in similarterms_list() (line 221 of /home/swiftcounty/www/www/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 1 in similarterms_list() (line 222 of /home/swiftcounty/www/www/sites/all/modules/similarterms/similarterms.module).
admin's picture

First-class stamps to cost 49 cents as of Jan. 26

Mailing a letter is about to get a little more expensive.
Last week regulators approved a temporary price hike of 3 cents for a first-class stamp, bringing the charge to 49 cents a letter in an effort to help the Postal Service recover from severe mail decreases brought on by the 2008 economic downturn.
Many consumers won’t feel the price increase immediately. Forever stamps, good for first-class postage whatever the future rate, can be purchased at the lower price until the new rate is effective Jan. 26.
The higher rate will last no more than two years, allowing the Postal Service to recoup $2.8 billion in losses. By a 2-1 vote, the independent Postal Regulatory Commission rejected a request to make the price hike permanent, though inflation over the next 24 months may make it so.
The surcharge “will last just long enough to recover the loss,” Commission Chairman Ruth Y. Goldway said.
Bulk mail, periodicals and package service rates will rise 6 percent, a decision that drew immediate consternation from the mail industry. Its groups have opposed any price increase beyond the current 1.7 percent rate of inflation, saying charities using mass mailings and bookstores competing with online retailer Amazon would be among those who suffer. Greeting card companies also have criticized the plans.
“This is a counterproductive decision,” said Mary G. Berner, president of the Association of Magazine Media. “It will drive more customers away from using the Postal Service and will have ripple effects through our economy - hurting consumers, forcing layoffs and impacting businesses.”
Berner said her organization will consider appealing the decision before the U.S. Court of Appeals.

Rate this article: 
No votes yet