Postal Rate Hikes Disappoint Mailing Industry
Will plead case before Postal Regulatory Commission
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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.
Citing its "precarious financial condition," the Postal Board of Governors proposed a rate increase of 5.9 percent on top of the annual CPI increase of 1.6 percent. If approved by the Postal Regulatory Commission, the rates would go into effect Jan.