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Investment in efficiencies drives USPS price increases

January 22, 2024

READ FULL ARTICLE AT » NBC4 Washington

The organization says it needs to raise rates to invest in long-term efficiencies.

“We’re expecting and shooting for an increase in revenue of $2.4 billion. The lion’s share that really is in first class mail, and then the largest component shipping and packages,” said USPS Governor William Zollars.

The postal service wants customers to know it “generally receives no tax dollars for operating expenses” and a 2020 YouGov survey found a plurality of Americans believed the agency was underfunded by the government. Which suggests there’s sympathy for the institution’s $6.5 billion net loss last year.

“We believe this plan will be critical in ensuring that the Postal Service has the resources, personnel and infrastructure needed to continue performing its vital services to the American people,” added the organization.

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