USPS Adds Fuel Surcharge, Avoids Stamp Hike
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. Postal Service implements temporary 8% surcharge on shipping rates to offset escalating fuel costs due to Iran war, affecting Priority Mail Express, Priority Mail, Ground Advantage, and Parcel Select services. The move aims to avoid dipping into taxpayer funds, as the agency is self-funded. Fuel prices have surged, with gas nearing $4/gallon and diesel at $5.37, both significantly higher than last month. The surcharge is still lower than private competitors fuel costs. The Postal Service, which lost $9 billion last year and faces declining mail volume, is also working on a ten-year cost-cutting plan to prevent insolvency.
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