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

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.

Copyright 2013 WTVM. All rights reserved.

 

  • Trending StoriesTrending StoriesMore>>

  • Severe reaction to new sandals leads woman on a painful path

    Severe reaction to new sandals leads woman on a painful path

        One woman wants to warn people about her painful path, the result of a severe and debilitating allergic reaction.  She had no idea what she was allergic to until she visited a fourth emergency room in two weeks.    

    More >>

    One woman wants to warn people about her painful path, the result of a severe and debilitating allergic reaction. She had no idea what she was allergic to until she visited a fourth emergency room in two weeks.    

    More >>
  • 'The Phantom' serial killer of children out of prison, living in Tucson

    'The Phantom' serial killer of children out of prison, living in Tucson

    Thursday, April 27 2017 12:17 AM EDT2017-04-27 04:17:43 GMT
    Friday, April 28 2017 11:32 PM EDT2017-04-29 03:32:02 GMT
    Convicted killer William Huff was spotted riding his bicycle through a Tucson neighborhood. (Source: 3TV/CBS 5)Convicted killer William Huff was spotted riding his bicycle through a Tucson neighborhood. (Source: 3TV/CBS 5)

    William Huff terrorized Sierra Vista during the spring and summer of 1967. Despite a sentence of 40 years to life, the Arizona Board of Executive Clemency voted to release him from prison into home arrest. Family members of the victims are concerned for the safety of the community, as are new members of the Clemency Board. CBS 5 Investigates videotaped Huff riding a bike through his Tucson neighborhood. There are no restrictions placed on his proximity to children.

    More >>

    William Huff terrorized Sierra Vista during the spring and summer of 1967. Despite a sentence of 40 years to life, the Arizona Board of Executive Clemency voted to release him from prison into home arrest. Family members of the victims are concerned for the safety of the community, as are new members of the Clemency Board. CBS 5 Investigates videotaped Huff riding a bike through his Tucson neighborhood. There are no restrictions placed on his proximity to children. 

    More >>
  • 'I got 2 clips!' Impatient mom pulls out gun, threatens barber cutting son's hair

    'I got 2 clips!' Impatient mom pulls out gun, threatens barber cutting son's hair

    Friday, April 28 2017 5:45 PM EDT2017-04-28 21:45:21 GMT
    (Source: Crime Stoppers of Cuyahoga County Facebook)(Source: Crime Stoppers of Cuyahoga County Facebook)

    Police are looking for a woman who pointed a gun at a barber all because her son's haircut was taking too long.

    More >>

    Police are looking for a woman who pointed a gun at a barber all because her son's haircut was taking too long.

    More >>
Powered by Frankly