Tags: US | Postal | Rates

Rate Board Denies Postal Service Price Hike Plea

Thursday, 30 Sep 2010 01:28 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON — The independent panel that oversees the U.S. Postal Service has denied the agency's request to increase the cost of mailing a letter by 2 cents — to 46 cents.

The Postal Regulatory Commission announced its decision rejecting the requested price hike at a news conference Thursday.

In July, the Postal Service proposed raising first-class postage from 44 cents to 46 cents as part of a strategy for dealing with a worsening financial crisis. The Postal Service lost $3.8 billion last year, and the agency has been seeking other rate increases as well, including higher fees for periodicals, post cards and parcels.

The new rates would have taken effect next Jan. 2.

Chairman Ruth Goldway told reporters at a news conference that the Postal Rate Commission's vote to deny the rate request was unanimous on the five-member commission.

She said she believes that the requested rate adjustment is not because of the recent recession, as Postal Service officials have indicated, but was, rather, an attempt to address long-term structural problems.

The decision was applauded by the Affordable Mail Alliance, a coalition of postal customers including consumer groups, small business, charities, utilities, national retailers and banks.

"The PRC today has helped countless businesses stay competitive and saved tens of thousands of jobs," said Tony Conway, a spokesman for the alliance. "The commissioners recognized that imposing an additional tax on Postal Service customers is not the way to address its financial troubles. Our members look forward to working with the Postal Service on the long-term restructuring needed to restore the Postal Service to competitiveness."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Undocumented Immigrants Picket White House to Demand Voice

Monday, 28 Jul 2014 21:58 PM

Undocumented immigrants picketed the White House on Monday, urging advocacy groups to refuse meetings with President Bar . . .

US: Russia Violated 1987 Nuclear Missile Treaty

Monday, 28 Jul 2014 21:41 PM

In an escalation of tensions, the Obama administration accused Russia on Monday of conducting tests in violation of a 19 . . .

Doctor with Franklin Graham Charity Who Contracted Ebola in Grave Condition

Monday, 28 Jul 2014 19:36 PM

Kent Brantly always wanted to be a medical missionary, and he took the work seriously, spending months treating a steady . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved