USPS Targets 2011 Rate Increases
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WASHINGTON, DC—The U.S. Postal Service (USPS) is proposing 5.6 percent rate increases, on average, in order to stave off a projected $7 billion loss for 2011, though the increase would only reduce the loss by $2.5 billion at a time when mail volume continues to decline sharply. Mailers, meanwhile, quickly mobilized their collective outrage in an effort to stymie what they consider an unlawful increase.
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