Postal Regulatory Commission Denies Rate Hike Request
The proposal included an 8 percent hike in periodicals rates. The increases would have gone into effect Jan. 2, 2011, and were expected to raise about $2.3 billion over the first nine months.
"The Commissioners recognized that imposing an additional tax on Postal Service customers is not the way to address its financial troubles," the Alliance said in a statement released just after the news conference this morning. "Our members look forward to working with the Postal Service on the long-term restructuring needed to restore the Postal Service to competitiveness."