postage rate hike

Post Office Loses $3.5 Billion as 2011 Cash Crunch Looms

The U.S Postal Service reported a $3.5 billion third quarter loss due to continued declines in mail volume and increased costs from retiree health benefits. Without help from Congress and a postage rate increase, it could run out of cash in 2011.

Postal rates to go up, again

First there is talk of dropping a day of mail service. Now the U.S. Postal Service is proposing to raise the price of a stamp to 46 cents from the...