9/30/2010
In an announcement that shocked many today, the Postal Regulatory Commission soundly rejected the Postal Service’s request for an exigent rate increase of 5.4 percent on January 1, 2011. This means that rates will remain the same until they can be legally changed under the price cap formula next may. This is also a stunning loss for the Postal Service has it has pleaded that it desperately needs the money to sustain its operations and it comes in the middle of union negotiations with two of the largest postal unions.
