Postal Increase

[caudio51]

The Governors of the U.S. Postal Service voted to accept the Postal Rate Commission's recommendations to increase most postal rates and fees by approximately 5.4% across-the-board to take effect January 8, 2006. This rate increase is needed to fulfill the requirement of a federal law passed in 2003. That law requires the Postal Service to establish a $3.1 billion escrow account, with use of the funds to be determined by Congress at a later date. Without this federal mandate, it would not have been necessary to raise rates in 2006. Among the rate adjustments, the single-piece rate for First-Class Mail will increase from 37 cents to 39 cents, and the postcard rate will increase by one cent to 24 cents.

 

[Wasch_24]

I think Priority Mail is going to start at $4.05 IIRC.

 

[caudio51]

.20 cents eh

 

[N2Advnture]

You gotta be kidding me? ANOTHER increase?

USPS has posted more than $5 billion in profits since 1995, and its 1997 annual report projected a growth rate in total mail volume of 3 to 4 percent per year over the next decade.

I noticed they have reduced the number of employees in my PO, which was VERY busy to begin with. NOW they have added plasma tvs!!! WTF?! So you can watch the USPS commercials while waiting 1hr+ in line? (no kidding).

What a bunch of crap!

 

[caudio51]

Yea I noticed less people. Not to mention they have to have all this extra cash on hand.

 

[Wasch_24]

"This rate increase is needed to fulfill the requirement of a federal law passed in 2003. That law requires the Postal Service to establish a $3.1 billion escrow account, with use of the funds to be determined by Congress at a later date."



What's the deal with this? A law was passed requiring an escrow account? What for?

 

[caudio51]

Yea, deterimined use later. I don't like the sound of that one bit!

 

[N2Advnture]

I just wrote Wolf to get an explanation.

http://www.house.gov/writerep/


.

 

[Doofus]

Why don't they just go up to $.30?

I'll gladly pay the extra $.01 to not have to deal with pennies.

 

[Doofus]

One other thing. When you think about it.. $.39 to send a letter accross the country is NOT bad.


Oh, and another thing...

the postcard rate will increase by one cent to 24 cents.

Who sends postcards anymore?

 

[caudio51]

I work in the mail industry. Tons of businesses still send postcards.

 

[Jwrussell]

WTF? An escrow account for a use later to be determined? Sounds like Taxes to me. Fuggers.

 

[cvm4]

http://www.usps.com/communications/news/press/2005/pr05_097.pdf

There's a link to the pdf file. They're even going up 5 cents on Money Orders! WTF? I would bet some of their profits went to sponsor Lance over the last couple of years

 

[Wasch_24]

Lance and they are sponsoring XM's christmas stations this year.

 

[cvm4]

Lance and they are sponsoring XM's christmas stations this year.

So sad :angerFU: USPS has a lot of frivilous spending

 

[jcgoldner]

Lance and they are sponsoring XM's christmas stations this year.

2004 was the last year the USPS sponsored the bike team. Lance's team was sponsored by the Discovery channel in 2005. But yes I do believe it was a waste of money when they did sponsor a team that performed mostly in Europe.

 

[joshua]

Crap and I still had 32 cent stamps I hadn't finished using. (I sent stuff out with two of them to avoid the hassle)

 

[tobby4]

um..... the USPS made a TON of money off of Lance and the Boys... a ton

 

[jcgoldner]

Yes Clay they did but they may have spent more on the team then they made. Just a guess but if they were making good money they would still be a sponsor.

 

[tobby4]

They came out on top... Their contract was over and Discovery Channel offered more money....