Final Decision on Exigent Postal Rate Hike
Postal Regulatory Commission announced today that they have decided the USPS can collect another $1.191 billion in additional “exigent surcharge” revenue. This means that the postage rates will not go down in the fall as many had anticipated. Hopefully this will change next spring.
Here is a part of the release from Epicomm:
The Postal Regulatory Commission today decided the Postal Service can collect another $1.191 billion in additional "surcharge" revenue. The PRC's ruling closes the rate case started in 2013, in which the USPS sought to recoup recession-related lost revenue. After the PRC's initial award of $2.766 billion the USPS and mailers sued to overturn the award; the court remanded the case to the PRC earlier this year.
You can access the full PRC order at http://www.prc.gov/docs/92/92973/Order No. 2623.pdf