The Postal Regulatory Commission on Monday approved the U.S. Postal Service’s request to add an 8% surge for transportation-related expenses on parcel products. The change will be effective April 26 through Jan. 17, 2007.
The Postal Service has previously raised prices to cover the costs associated with increased volumes during peak season, but last month requested permission for the first time to apply a time-limited price adjustment to deal with rapidly changing market conditions — most notably the spike in fuel costs since the start of the Iran war on Feb. 28. The price of gasoline, which powers most of delivery vans, is up 38% over the past five weeks.
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