United States Postal Service bets on higher stamp prices - KWWL - Eastern Iowa Breaking News, Weather, Closings

United States Postal Service bets on higher stamp prices

Posted: Updated:
(NBC) -

The United states Postal Service is counting on a new strategy to stay competitive.

Amid competition from Amazon and other quick delivery services, the postal service is seeking more freedom to raise prices for mailing letters.

This comes as it seeks to invest billions in new delivery trucks to get packages to American homes more quickly.

The postal regulatory commission appears likely to grant the postal service power to increase the cost of stamps beyond the rate of inflation... And a decision is expected next month.

It would be the biggest change in the postal service's pricing system in nearly a half-century.
 

Powered by Frankly