January 7, 1999 |
The cost of sending most letters will rise by a penny to 33 cents on Sunday despite a four-year run of strong profits by the Postal Service. Postal officials said the increase is needed because rising costs are eating into income. It will also cost more to mail newspapers, magazines and most packages, although the price of mailing heavier letters will fall. Sunday's increase had been expected to take effect last summer.
December 30, 1998 |
United Parcel Service of America Inc., the world's top package-delivery company, said it will raise rates about 2.5% next year, the smallest increase in 11 years, helped by the lowest oil prices in more than a decade. Separately, UPS said it will test a hybrid gasoline-electric truck starting early next year as it seeks to lower automobile emissions and fuel costs. The trucks to be tested in Los Angeles, Atlanta and Johnson City, N.Y.
May 12, 1998 |
Despite three years of billion-dollar mail profits, the independent Postal Rate Commission reluctantly agreed Monday to a post office request to raise the price of stamps by a penny. The increase could take place later this summer, although the commission urged that it be held off at least until January.
March 3, 1998 |
The U.S. Postal Service's plan to increase the price of a first-class letter to 33 cents has run into a problem: The agency is making too much money. As a result, the independent postal rate commission, which must approve any increase, has suggested that the 32-cent stamp should stick around a bit longer. When the Postal Service's board of governors requested the one-cent increase on July 10, it was projecting that the agency would lose $2.4 billion in the current fiscal year.
July 23, 1997 |
Sen. Dianne Feinstein rushed to the Senate chamber last Thursday for damage control. "We'll lose anyway," her dispirited legislative aide said, just before the California Democrat dashed out. What set her in motion were the impassioned remarks of Sen. Ted Stevens of Alaska, who was trying to torpedo Feinstein's plan for an optional 33-cent, first-class postage stamp that would devote a penny to breast cancer research. Americans willing to contribute could use it in place of the 32-cent stamp.
July 2, 1997 |
The Postal Service Board of Governors voted Tuesday to raise the price of a first-class stamp to 33 cents but the 1-cent increase is unlikely to take effect before May 1998. At the same time, the board approved an unprecedented proposal to reduce the first-class rate to 30 cents for prepaid reply envelopes that can be handled easily by automated machinery.
May 8, 1997 |
People renting post office boxes, sending certified mail or buying postal insurance will find new services and changed rates starting June 8. The Postal Service's board of governors also decided to set up a system to provide confirmation of delivery, starting in big cities, for Priority Mail, parcels, international shipments, certified and registered mail, as well as the current Express Mail. Rate changes to take effect in June will raise the cost of a certified letter from $1.10 to $1.35.
April 12, 1997 |
The U.S. Postal Service is considering raising the price of a first-class stamp to 34 cents and increasing other postage rates, industry sources said Friday. If approved, the 34-cent stamp would go on sale in mid-1998, the sources said. An increase from the present 32 cents would be the first since 1995, when the letter stamp rose from 29 cents.
January 4, 1997 |
The post office seems likely to take the first steps this year toward raising stamp prices. There's been no announcement. Indeed, Postmaster General Marvin T. Runyon Jr. said last month that the agency's 1996 profit "reinforces our commitment that there will be no general rate increase at least through 1997." On the face of it, that was good news for mailers.
January 3, 1997 |
United Parcel Service said higher labor and fuel costs are causing it to raise by about 3.9% its rates on overnight, second-day and three-day domestic air service for both businesses and residential customers. Increases for ground shipments will average 3.4% for business and 4.3% for residential customers. Foreign shipments from the U.S. will increase between 2.6% and 4.9%. The closely held Atlanta-based shipping company isn't alone in raising rates.