US Postal Service rate increases take effect Sunday
The Postal Service Board of Governors sets postage rates, but DeJoy said he’ll advocate for raising prices until "we have accomplished our objective of projecting a trajectory that shows us being self-sustaining."
Fox took an inside look at a USPS processing and distribution hub in Dulles, Virginia, as Americans rush to get last-minute gifts in the mail.As part of this plan, the USPS is working to break even by the fiscal year 2023 and avoid $160 billion in projected losses over the next 10 years. The price adjustments taking effect Sunday "will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next ten years," according to the USPS. The First Class Mail letter rate for postage purchased at the Post Office: Increased two cents to $0.60. Each additional ounce will cost $0.24.First Class Mail Flats/Large Envelopes : Increased four cents to $1.20. Each additional ounce will cost $0.24.
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