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theUS postal service (USPS) is an institution. It is an essential service for most businesses and US companies, but it is not without its faults. Like aResult of legislation This limited its capabilities and expenditures, the USPS has faced overwhelming financial difficulties and has received its fair share of criticism. To compensate some of these money problems, the USPs now gets federal financial relief - but consumers will be interested in learning that it is not the only pipeline change. Read more about five price increases led our way in July, as well as how the new reform bill could assign you.

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The USPS filed an opinion with the Postal Regulatory Commission (PRC) on April 6th that it would beRaising first class mail prices 6.5%. This includes the stamp of the first class forever, used for letters of an ounce, which range from 58 cents to 60 cents. Price changes must come into force on July 10, 2022 "if the PRC is examined, a press release from USPS states. On a positive note, if you have already purchased first-class mail stamps forever at the price of 58 cents, they do not expire, even when prices are raised, the USPS said.

In addition to standard letters, prices will also increase for the letters of an ounce measured 53 cents to 57 cents, for national postcards of 40 cents to 44 cents and for international letters of an ounce of $ 1.30 at $ 1.40. The price of one-piece letter will also have a price increase of 20 cents to 24 cents. Earlier this month, the agency also introducedTwo new shipping costsNon-standard fees and dimension non-compliance fees, which could result in surcharges ranging from $ 1.50 and $ 15.

First-class mail Is used to send a letter within 1 to five business days and small packets in a framework of three working days. According to the USPS website, this service offers "an affordable and easy way to send light envelopes and packages".

POSTMASTER GENERALLOUIS DEJOY was questioned about thereasons for price increase During an interview, to which he said, "Because we need money," Reuters said. Even with price changes approved in 2021 and additional legislative amendments, Dejoy stated that it is still necessary to make cuts.AE0FCC31AE342FD3A1346EBB1F342FCB

"I'm still $ 80, $ 90 billion to do and we have a lot of projects to continue moving this. Now, it's really about improving our service, reduce our waste costs, invest in Our facilities and employees and develop our business, "Dejoy said.

The USPS press release said it will also look for price adjustments for special service products, including office box rental fees, post office rental fees and fees. insurance when sending items. Price adjustments are related to inflation and "increase in operating expenses", said the USPS added that price changes allow the service to "continue to provide the postage rates of the highest letters. low in the industrialized world and offer great value in navigation. "

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Also on April 6, PresidentJoe Biden Signed the law on postal service reform. This action has been invited by years of claims on the slowdown of the courier service and provides a relief of nearly $ 50 billion, which needs to be deployed over the next 10 years, Reuters said. The law includes some of the measures proposed by Dejoy in a March 2021 reform plan, which aimed at avoiding predicted losses of $ 160 billion. According to a summary of the bill, the postal service will no longer have to pay for future pensioners' health benefits, with retired employees nowneeded to register in Medicare.

The agency has experienced delays of service and has even faced the possibility of lacking money, which is related to certain rules and procedures that it must follow. The agency relies on sales of stamps and deliveries of packets, according to CNN, anddoes not benefit from taxpayers financing. Congress requires the USPS to provide all houses in America and that the service is also required to have PRC approved pricing, unlike private services such as UPS and FedEx.

As part of the invoice, the USPS is required toConfigure an online dashboard Where you will be able to follow the time required to deliver letters and packages by postal code, Yahoo Finance reported. As the courier service has already faced criticism and random with Late deliveries This offers more transparency in understanding how the mail is delivered.

Tackling the concerns of future elections and possible votes, experts argue that the new law probably does not affect the process. "This legislation will not affect that in any way positively or negatively", " Paul Steidler , an expert in postal service at the Lexington Institute, told CNN. He added that the electoral mail is actually a "very small fraction" of the total amount of mail that the USPS is responsible for.

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