The bad news for the mailing industry keeps on coming, dimming the prospects that the two-year-old postal rate hike that went into effect days ago will end.
exigent postal rate increase
Three days before the U.S. Postal Service's rate hike goes into effect, the mailing industry filed an appeal with the U.S. Court of Appeals in Washington, D.C.
As feared, the U.S. Postal Service passed a 4.3 percent exigent rate increase on Christmas Eve, delivering a lump of coal to magazines, newspapers and direct mailers.
This year, the Grinch may go postal with an extraordinary rate increase. The U.S. Postal Regulatory Commission is expected to decide whether to allow the U.S. Postal Service to raise rates above the annual inflation rate increase on Dec. 22, on the eve of the holidays.
Magazines, newspapers and marketing businesses that depend on the U.S. mail suffered a setback in the fight to ward off an exigent rate hike on top of the annual rate that's tied to the consumer price index.