Triply Whammy – rate hikes from all three major carriers
US Postal Service had average increase of 4.6% on 1/7/01, but mailers face 4.9% increase from FedEx and 3.7% hike from United Parcel Service
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US Postal Service had average increase of 4.6% on 1/7/01, but mailers face 4.9% increase from FedEx and 3.7% hike from United Parcel Service
Read MorePOSTAL REFORM PRESSURE MOUNTS
Read MoreFree Mail-Free First-Class Mailing a Most Compelling Alternative to Recent Postal
Rate Hikes
January 27, 2001 — According to the Cato Institute’s Edward Hudgins, “a privatized U.S. Postal Service, even subject to the same tax and regulatory regime of the private sector, would certainly be able to integrate much more efficiently into the new economy.” “A private U.S. Postal Service,” he said, “could act as an entrepreneur facilitating economic growth rather than as a government monopoly seeking to cripple competitors and acting as a ball and chain on the leg of the economy.”
Read MoreA postage rate cut that promised to save banks $26 million, partially offsetting the Jan. 7 first-class letter rate increase, may be
short-lived. The Postal Service’s rate-setting panel may reverse course and recommend a 1- or 2-cent increase
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