In the CONUS and US territories we have mailing addresses that we can generate enough revenue by charging an annual fee. Businesses will incur a higher fee and this will be done based on annual usage for mail volume. This concept is the same business practices that are currently in place at your local post office. This fee should cover the cost of mailing letters and provide a limited amount of free mailing stamps ...more »
While the "Forever" stamp is a nice idea and certainly will be good for consumers, the USPS is setting itself up for even bigger losses 10-20 years in the future. Just imagine if all those three cent stamps in collector hands could be used as 44 cent stamps today instead of their original 3 cent value. It nice to have some "Forever" issues but not every First Class stamp that is printed. The USPS will certainly find ...more »
(est. savings: $1.7 billion to $3.1 billion)
The U.S. Postal Service lost $8.5 billion in fiscal year 2010 and $2.2 billion in the first quarter of 2011. The Postal Regulatory Commission estimates that, by cutting back to five-day-a-week mail delivery, the USPS could ease its cash flow problems, saving $1.7 billion annually. The Postal Service itself puts that estimate higher, at $3.1 billion.