![]() What’s more, the financial outlook of the USPS continues to remain in dire straits, with mail volume continuing to see steady declines due to the ongoing diversion to electronic alternatives like e-mail, coupled with defaulting on around $40 billion in the Postal Service Retiree Health Benefits Fund (PSRHBF) and mandated certain obligations for paying the normal costs and prefunding of retiree health benefits, as per the Postal Accountability and Enhancement Act, which was signed into law in 2006. But, as the Wall Street Journal observed, these rates increases could be challenged, as price hikes need to be signed off by the USPS Board of Governors, a board that has been member less since December 2017. That time has come for rate increases by the United State Postal Service (USPS), which were rolled out last week.Īs usual, these announced 2018 increases were filed in a notice with the Postal Regulatory Commission (PRC), and, if the price increases are approved, they would take effect on January 21, 2018.
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