USPS: Mailing letters could cost you more due to billion dollar - WTVM.com-Columbus, GA News Weather & Sports

USPS: Mailing letters could cost you more due to billion dollar losses in revenue

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COLUMBUS, GA (WTVM) -

Stamps are going up again as the United States Postal Service tries to combat steep declines in revenue.

Facing more than a $10 billion loss this year, the post office is proposing a rate increase.  We spoke with a representative that says people just aren't writing letters anymore.

"We estimate that by the end of this fiscal year which is coming up here in a few days, first class mail volume will decline over 31 billion pieces, that's 32 percent of what we had back in 2006," says U.S. Postal worker Service Stephen Seewoester.

The USPS lost nearly $16 billion in revenue last year, according to Seewoester.  To help combat the problem they are considering an emergency rate increase.

The postal service is seeking to raise prices on what they call ‘market dominate products', like first-class mail.  The price per item will increase by up to 3 cents on the dollar.

According to a company press release, here's how much more you'll be paying at the Post Office.

  • Letters (1 oz.) — 3-cent increase to 49 cents
  • Letters additional ounces —  1-cent increase to 21 cents
  • Letters to all international destinations (1 oz.) — $1.15
  • Postcards — 1-cent increase to 34 cents

"Ever since 2006 we've consolidated 250 mail processing facilities that's over half of our processing facilities. We've reduced 22,000 city delivery routes. We've reduced the number of full-time post office employees by 29% that's 7,500 offices so we will have achieved cost reductions of over 16-billion dollars."

A rate increase of a few cents may not sound like much but the post office says it could pay off big for them, generating about two billion dollars.

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