Last month, USPS said it plans to buy at least 25,000 EVs - more than twice its prior estimate. USPS is also set to receive $3 billion from Congress to boost electric vehicle and charging purchases. The bill Biden signed in April repealed the USPS's requirement that it annually prepay future retiree health benefits and canceled all past due prefunding obligations.ĭeJoy released a March 2021 reform plan that aims to eliminate $160 billion in predicted losses over the next decade.ĭeJoy said despite reforms losses would still reach $60 billion to $70 billion over the next 10 years - and USPS must address those losses. Struggling with diminishing mail volumes despite having to deliver to a growing number of addresses, the USPS before Tuesday had reported net losses of more than $90 billion since 2007. We are employing new recruiting tactics." "We are still having trouble in hiring new letter carriers, especially in rural communities. USPS stamp prices are about to go up Letters (1 oz.) 58 cents, 60 cents Letters (metered 1 oz.) 53 cents, 57 cents Letters (additional ounces). First Class Mail letters will increase by 3 cents (from 0.55 to 0.58) for 1 ounce. "This will enable us to rely less on seasonal employees, which we believe will prove difficult to hire this season," DeJoy said. It reported an adjusted loss of $459 million for the quarter, compared to an adjusted loss of $41 million for the same quarter last year.ĭeJoy said the Postal Service is working to address some hiring issues but is having success in most areas as it has boosted full-time permanent staff. USPS on Tuesday booked a onetime, non-cash benefit of $59.6 billion after President Joe Biden signed financial relief legislation into law. Itll now cost you 60 cents to buy a First-Class Mail Forever stamp. FOREVER® Stamps are excluded from Executive. FOREVER® STAMPS - the only First-Class Mail® stamps you can buy now and use FOREVER for First-Class Mail postage, regardless of future price increases. Dont delay, purchase at current member prices through. Register now for FREE unlimited access to RegisterĭeJoy has said USPS for years had failed to charge enough for package and mail delivery. The average haul for the USPS on a typical day is 523 million pieces of mail, and that increases to 553 million pieces from Thanksgiving to New. PITTSBURGH (KDKA) - Starting today, the new price of Forever Stamps goes into effect. USPS® postage stamp price increase effective July 10, 2022.
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