The mail industry in the United States now appears to be "too fragile" for the US Postal Service to raise its postal rates by above-inflation amounts, US Postmaster General Patrick Donahoe said on Wednesday.
Speaking at the latest quarterly meeting of the USPS with its major customers and industry associations, Donahoe declared that the Postal Service is dropping its legal battle with regulators to force a 5.6% rate increase.
Donahoe advised mailers that when it comes to future rate increases - the next one is likely to be January 22, 2012 - "plan on no more-than-CPI increases". Read more!
Speaking at the latest quarterly meeting of the USPS with its major customers and industry associations, Donahoe declared that the Postal Service is dropping its legal battle with regulators to force a 5.6% rate increase.
Donahoe advised mailers that when it comes to future rate increases - the next one is likely to be January 22, 2012 - "plan on no more-than-CPI increases". Read more!
