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August 10, 2017

USPS hopes for higher stamp prices

WASHINGTON (AP) — Buffeted by threats from Amazon drones to deliveries by golf cart, the U.S. Postal Service is counting on a different strategy to stay competitive. It is seeking more freedom to raise prices for mailing letters.

After a 10-year review, the Postal Regulatory Commission appears likely to grant the Postal Service power to increase the cost of stamps beyond the rate of inflation. It would be the biggest change in its pricing system in nearly a half-century. A decision is expected next month.


 
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