Postal Service Is Denied the Rate Increase They Were Looking For
Printing and direct mail companies are happy to hear the good news. The Postal Regulatory Commission or PRC has denied the U.S.Postal Service's request for an average 5.6 percent rate increase.
The Postal Service has failed to express the real impact of the recession on its finances and to prove how its request to increase the rate directly results to the loss of mail volume.
The PRC found that the Postal Service failed to prove the rate increase in excess of its statutory Consumer Price Index CPI price cap.
Even though the PRC does find the USPS' recent volume losses and multibillion-dollar deficit, the commission found that the Postal Service's cash flow problem "is not a result of the recession and would have occured whether or not the recession took place."
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Even though the PRC does find the USPS' recent volume losses and multibillion-dollar deficit, the commission found that the Postal Service's cash flow problem "is not a result of the recession and would have occured whether or not the recession took place."
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