USPS Rate Hike to Take Effect a Week Early
By Dylan Stableford
The United States Postal Service
announced late Monday that the recently-approved rate increase will take effect on January 8, one week earlier than expected.
“To me, this rush must reveal a financial situation worse than [the USPS] is letting on,” says David Straus, Amercian Business Media’s legal counsel. “The extra week is worth about $60 million to the Postal Service.”
Straus had expected that the USPS would give mailers 60 days notice after their scheduled meeting on November 16, and go into effect on January 15.