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The price increases are due to the change in mailing and shipping marketplace, according to the U.S. Postal Service. The increase will help cover the service's 10-year Delivering for America plan .
All price changes will need approval from the Postal Service’s Board of Governors. In this photo illustration, U.S. Postal Service (USPS) forever stamps are seen on envelopes on April 11, 2023 ...
The USPS said it lost $9.5 billion in the fiscal year ended September 30, compared with a loss of $6.5 billion a year earlier. The postal service blamed the wider loss on billions spent on noncash ...
Also, at that time, the International Parcel Post air service was re-branded as Priority Mail International, and the Parcel Post surface service was discontinued for international destinations. [27] Regular Air Mail service began in 1918; over the years, rates varied considerably depending on distance and technology. Domestic Air Mail, as a ...
Title VIII established the Postal Service Retiree Health Benefits Fund (PSRHBF) and established a payment schedule that determined how much the Service owed at the end of each fiscal year. For the first ten years after the bill was passed, the scheduled payments ranged between $5.4 billion to $5.8 billion.
Established in 1957, the Citizens’ Stamp Advisory Committee (CSAC) reviews all of the proposals and selects stamp subjects that will be of enduring interest to large segments of the American population. The Postal Service relies on CSAC to produce a balanced stamp program of approximately 25 – 30 stamp subjects each year.