Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Saturday, 20 September 2014
Login |  Register 
 
Find Products or Services in your local community
 
KSCB Radio News US National Business Health & Science Political World Sports Top NPR Headlines Sports
Postal Service Looking For Rate Increase
07/06/2010

The post office wants to increase the price of a stamp by 2 cents to 46 cents starting in January. The agency has been battered by massive losses and declining mail volume and faces a financial crisis.

Postal officials announced a wide-ranging series of proposed price increases Tuesday, averaging about 5 percent, and covering first class, advertising mail, periodicals, packages and other services.

The request now goes to the independent Postal Rate Commission which has 90 days to respond. If approved, the increase would take effect Jan. 2.

"The Postal Service faces a serious risk of financial insolvency," postal vice president Stephen M. Kearney said.

Kearney said the agency is facing a $7 billion loss in 2011. The rate increase will bring in an extra $2.5 billion, meaning it still faces a $4.7 billion loss.

The rate increase is part of a series of money-saving plans announced in March. These also include reducing mail deliveries to five days a week, closing offices and making other cuts in expenses. Congress must agree to eliminating deliveries on Saturdays.

While the cost of a first-class stamp would go up to 46 cents, people who bought "Forever" stamps at lower prices will still be able to use them for first-class mail without paying the difference.

Officials also said they plan a new design for Forever stamps, which currently have am image of the Liberty Bell. New Forever stamps will have images of evergreen trees. All Forever stamps would remain valid.

In addition to the 46-cent rate for the first ounce of a letter the cost for each additional ounce would go up a penny to 18 cents. The cost to mail a post card would go up 2 cents to 30 cents.

© Copyright Associated Press
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Cimarron Man Injured In Vehicle Pursuit
Friday's Scores
Meade County Crash Injures Fowler Man
Oklahoma Releases A-F Report Cards For Schools
Redskins Win Turnover Tussle in Guymon
Kismet Fire Station To Be Discussed At Special Meeting
Feds Allow Kansas To Withold Test Results
KU Students To Offer Free Flu Shots In Southwest Kansas Saturday
Hooker OK Native To Be Honored With Memorial In Italy
UPDATE: Taylor's Name To Be Removed/Officials Wait For Ruling In Senate Race
Click Here For All Stories

LATEST STORIES
Redskin Rally Falls Short in Hays
Friday's Scores
Saints Win Wild One but Fall to Ranked Team in Scottsbluff
Meade State Park Home To Car Show
Friday's Games
Middle School Scores
Hooker OK Native To Be Honored With Memorial In Italy
Redskins Bounce Back with Win Over Garden City
LHS Spikers Out-Dual Dodge City
Liberal's Slatten Wins Hays Meet
Click Here For All Stories
Click Here for KSCB Talk Radio 1270 am
Click Here for B107.5
Click Here for The Legend 102.7
click Here for ozzBlog
Click Here for the Emergency Alert Hanbook

©2014 Seward County Broadcasting Company, Inc.
1410 N. Western Ave. Liberal, KS 67901

Emergency Alert System | EEO Public Report Form | The Public and Broadcasting

Powered by Radio Media Group