Post Office Still Seeking Rate Hike

postaldl e1287006041376 Post Office Still Seeking Rate HikeThe post office is trying again to get a rate increase. The agency announced Friday that it is appealing the Postal Regulatory Commission’s rejection of its requested increase.

The post office had asked for a 2-cent increase in January in the price of First Class stamps, which now cost 44 cents.

Officials say they need the rate increase because of losses caused by a drop in mail volume caused by the weak economy and a shift in communications and bill paying to the Internet.

The commission rejected the request on Sept. 30.
  
(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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