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Medical Forum / Diseases and Disorders / Arthritis / February 2008OTP: Postage going up
From the shocked response I've received from a few, I'm guessing a lot of folks missed the TV news on Lincoln's Birthday. FOR IMMEDIATE RELEASE Jan. 30, 2008 Contact: David Partenheimer (O) 202-268-8567 (C) 202-262-3275 david.a.partenheimer@usps.gov usps.com/news Release No. 08-007 Postal Service First-Quarter Results Reflect Drop in Mail Volume National On-Time Performance Hits Record Highs WASHINGTON, DC - The U.S. Postal Service announced that mail volume was down 3.0 percent, or 1.7 billion pieces, for the first quarter of fiscal 2008, according to preliminary financial results presented today to the Postal Service Board of Governors. First-Class Mail volume decreased 3.9 percent and Standard Mail decreased 2.6 percent in the quarter ending Dec. 31, 2007. Chief Financial Officer and Executive Vice President H. Glen Walker attributed the declining mail volume to "disturbing trends" in the overall U.S. economy. "Unfortunately, two key sectors of the economy - finance and housing - suffered a downturn in the first quarter, and they're both heavy users of the mail," said Postmaster General John Potter. Net income for the first quarter is estimated at $672 million on revenue of $20.4 billion. "Although revenue is higher than in the same quarter last year, due to the price increase last May, it is $500 million less than expected," Potter said. "We're working to offset the disappointing revenue with cost reductions and new strategies for growth." Final first-quarter financial results will be released in February. _________________________________________________________________________ FOR IMMEDIATE RELEASE Feb. 11, 2008 Contact: David Partenheimer (O) 202-268-8567 (C) 202-262-3275 david.a.partenheimer@usps.gov usps.com/news Release No. 08-011 Stamps Increasing by One Cent to 42¢ on May 12 Forever Stamp Will Still Get Your Letter Delivered WASHINGTON, DC - The price for a one-ounce First-Class stamp will increase from 41 to 42 cents on May 12. Prices for other mailing services, such as Standard Mail, Periodicals, Package Services (including single-piece Parcel Post), and Special Services will also change (see chart below). The average increase by class of mail is at or below the rate of inflation as measured by the Consumer Price Index. "The Postal Service developed the Forever Stamp for consumers to ease the transition during price changes," said Postmaster General John Potter. "We encourage Americans to buy Forever Stamps now for 41 cents, because like the name suggests, they are good forever." The price goes up to 42 cents on May 12. The Postal Service has sold 5 billion Forever Stamps since the launch last April and plans to have an additional 5 billion in stock to meet the expected demand before the May price change. Selected Prices & Services Current New (Effective May 12) First-Class Mail Letter (1 oz.) 41 42 First-Class Mail Letter (2 oz.) 58 59 17 cents each additional ounce Postcard 26 27 First-Class Mail International Letter (1 oz. to Canada and Mexico) 69 72 First-Class Mail International Letter (1 oz. to other countries) 90 94 Consistent with a new law*, prices for mailing services will be adjusted annually each May. The Postal Service plans to provide 90 days' notice before the price changes each year. New prices for shipping services, including Express Mail and Priority Mail, will be announced in March. Prices for all postal products and services are available at usps.com/prices. *The Postal Accountability and Enhancement Act # # # An independent federal agency, the U.S. Postal Service is the only delivery service that visits every address in the nation - 146 million homes and businesses. It has 37,000 retail locations and relies on the sale of postage, products and services to pay for operating expenses, not tax dollars. The Postal Service has annual revenues of $75 billion and delivers nearly half the world's mail. ... Tomorrow will be yesterday soon enough. ___ Blue Wave/QWK v2.12 Buy up those .41 Forever stamps while they last. I'm going to hoard mine for about 20 years, then drag them out, just to vex the post office.lol Kelly C. > From the shocked response I've received from a few, I'm guessing > a lot of folks missed the TV news on Lincoln's Birthday. [quoted text clipped - 106 lines] > ... Tomorrow will be yesterday soon enough. > ___ Blue Wave/QWK v2.12 LOLOLOL..............Kelly, you are too funny! I did hear about the increase, but I have two full rolls of the forever stamps, so am not too worried. Don't know why they don't just raise the price to 45¢ or 50¢ and just be done with it for a while instead of these silly 1 & 2 ¢ increases. . . . . Donna . . . . 1.) ANGELS EXIST, but some times, since they don't all have wings, we call them FRIENDS...... 2.) J.K.M.A. 'They' probably have an excess of 1 and 2 cent stamps they need to get rid of? LOL Leslie LOLOLOL..............Kelly, you are too funny! I did hear about the increase, but I have two full rolls of the forever stamps, so am not too worried. Don't know why they don't just raise the price to 45¢ or 50¢ and just be done with it for a while instead of these silly 1 & 2 ¢ increases. . . . . Donna . . . . 1.) ANGELS EXIST, but some times, since they don't all have wings, we call them FRIENDS...... 2.) J.K.M.A. Heh. mike likes to create 'artistic' arrays of smaller value stamps on envelopes. He's been known to use so many small stamps that there's barely room for the address. We have piles of small denomination stamps. I insist on always having ome of the currrent first-class denominatioin to keep things simple for me. the USPS really caught Mike though with the Tiffany lamp 1 center and the Navajo jewelry 2 center. sigh............... he's lucky i really do love him! lol  SignatureNann remove the Gator cheer to email me Simply the thing I am shall make me live --- William Shakespeare > 'They' probably have an excess of 1 and 2 cent stamps they need to get rid > of? LOL [quoted text clipped - 24 lines] > > 2.) J.K.M.A. LOL! in mike's defense, it's frustrating for me to keep up with the changes in postage denomination. i can appreciate why mike does that. i've been tempted to cover a whole envelope or two with one-cent-ers, out of revenge.LOL kate Heh. mike likes to create 'artistic' arrays of smaller value stamps on envelopes. He's been known to use so many small stamps that there's barely room for the address. We have piles of small denomination stamps. I insist on always having ome of the currrent first-class denominatioin to keep things simple for me. the USPS really caught Mike though with the Tiffany lamp 1 center and the Navajo jewelry 2 center. sigh............... he's lucky i really do love him! lol SignatureNann remove the Gator cheer to email me Simply the thing I am shall make me live --- William Shakespeare On Sat, 23 Feb 2008 11:49:50 -0500, Leslie & The Furbabies in MO. wrote (in message <62b16rF22he4lU1@mid.individual.net>): > 'They' probably have an excess of 1 and 2 cent stamps they need to get rid > of? LOL [quoted text clipped - 24 lines] > > 2.) J.K.M.A. > LOL! in mike's defense, it's frustrating for me to keep up with the changes > in postage denomination. i can appreciate why mike does that. i've been > tempted to cover a whole envelope or two with one-cent-ers, out of > revenge.LOL > > kate Oh, he keeps up with the changes. he always knows the numbers for all first class mail so he doesn't waste an extra penny on postage. That I understand; we've boh got German AND Scottish blood so we know how to pinch a penny! He just likes creating "artistic" arrays of stamps he thinks are pretty. Bought 17, 5, 2 & 1 centers to do so at Christmas rather than using the Christmas stamps I'd bought! LOL I SignatureNann remove the Gator cheer to email me Simply the thing I am shall make me live --- William Shakespeare With more and more people using online services to receive their paperless bills and then pay them online also, send e-cards rather than the good ol' cards, and who writes letters anymore?, the USPS realizes they have to go after other classes of mail to cover that first-class-mail loss of business. Realizing first-class mailing trends will continue to decrease, and with the newly approved annual (not the 4 or 5 years as previous) May rate adjustments now (...By law, these prices can increase on average no more than the rate of inflation as measured by the Consumer Price Index...) http://www.usps.com/prices/ the Forever Stamp is probably a more productive approach to the annual adjustments for everyone involved, including the customers. Buy the Forever Stamp and you'll only have to, keep track (so to say), of [any] increase when you actually purchase more of them. Example; if you buy today, but you don't use them up until ten years (give or take) from now, they're good throughout each of the current first-class-letter rates within that entire ten years. If in ten years (give or take) you need to purchase more, you will be purchasing at the latest current first-class-letter rate. Btw, you wouldn't be the first one to practically cover a letter or parcel with small denomination stamps! Some people forget to put any stamps on at all sometimes. I imagine it happens like this, "Here honey mail these.", and the honey doesn't understand that that also meant put some postage on it first. Ha-Ha! http://www.usps.com/postalhistory/welcome.htm http://www.postalmuseum.si.edu/ http://www.postalnews.com/ > LOL! in mike's defense, it's frustrating for me to keep up with the > changes [quoted text clipped - 46 lines] >> >> 2.) J.K.M.A. LOL! you should tell the part about "loss of business" to our milton and federal way post offices. it's like it's the christmas season all year long--long lines of people with multiple packages to sent off. y'knoooow, lots of people do their shopping over the internet now and that has to mean lots of returns through the mail.<g> kate With more and more people using online services to receive their paperless bills and then pay them online also, send e-cards rather than the good ol' cards, and who writes letters anymore?, the USPS realizes they have to go after other classes of mail to cover that first-class-mail loss of business. Realizing first-class mailing trends will continue to decrease, and with the newly approved annual (not the 4 or 5 years as previous) May rate adjustments now (...By law, these prices can increase on average no more than the rate of inflation as measured by the Consumer Price Index...) http://www.usps.com/prices/ the Forever Stamp is probably a more productive approach to the annual adjustments for everyone involved, including the customers. Buy the Forever Stamp and you'll only have to, keep track (so to say), of [any] increase when you actually purchase more of them. Example; if you buy today, but you don't use them up until ten years (give or take) from now, they're good throughout each of the current first-class-letter rates within that entire ten years. If in ten years (give or take) you need to purchase more, you will be purchasing at the latest current first-class-letter rate. Btw, you wouldn't be the first one to practically cover a letter or parcel with small denomination stamps! Some people forget to put any stamps on at all sometimes. I imagine it happens like this, "Here honey mail these.", and the honey doesn't understand that that also meant put some postage on it first. Ha-Ha! http://www.usps.com/postalhistory/welcome.htm http://www.postalmuseum.si.edu/ http://www.postalnews.com/ > LOL! in mike's defense, it's frustrating for me to keep up with the > changes [quoted text clipped - 46 lines] >> >> 2.) J.K.M.A. Yeah!, article should state, "first-class... letters" volume is down. The Bulk-Business-Mail (junk mail most receiving it call it) mail of postcards, letters, flyers, magazines, etc. is still there and in excess at our office most days. Especially pre-Holiday season. Priority parcels too has got to be up. A lot of eBay-ers and the like out there. It has (flats volume) only got to increase after the mailers figure out what they'll be required to do with the new FSS coming online. I think I remember reading last year that the rules had been set in place last year and mailers had a 6 month extension to start adhering to the new rules. USPS takes a huge $ hit for every penny in gas price jump too. That has to be covered somehow. > LOL! you should tell the part about "loss of business" to our milton and > federal way post offices. it's like it's the christmas season all year [quoted text clipped - 88 lines] >>> >>> 2.) J.K.M.A. Why just 1 & 2-cent increases? Basically, the USPS can't have an excess of profit. Profit should only be covering operating expenses. The Postal Commission and Board of Governors regulate how the USPS operates. The USPS has been recently granted ways to operate more like a business, however. Due to the recently formed Postal Reform Committee, changes -- good?, bad? are coming... The BOG managed to get healthy raises this year... http://www.postalnewsblog.com/2008/01/22/big-pay-increases-approved-for-top-post al-service-officers/ http://www.usps.com/postalhistory/welcome.htm http://www.postalmuseum.si.edu/ LOLOLOL..............Kelly, you are too funny! I did hear about the increase, but I have two full rolls of the forever stamps, so am not too worried. Don't know why they don't just raise the price to 45¢ or 50¢ and just be done with it for a while instead of these silly 1 & 2 ¢ increases. . . . . Donna . . . . 1.) ANGELS EXIST, but some times, since they don't all have wings, we call them FRIENDS...... 2.) J.K.M.A. We individuals don't get to raise our fees if our business decreases(!) > Why just 1 & 2-cent increases? > Basically, the USPS can't have an excess of profit. [quoted text clipped - 33 lines] > > 2.) J.K.M.A. I'd imagine a business, with a loss of business, would have to do some or all of: increase prices; look elsewhere to pull in revenue; decrease overhead costs; ...or you'd possibly be out of business soon. > We individuals don't get to raise our fees if our business decreases(!) > [quoted text clipped - 35 lines] >> >> 2.) J.K.M.A. Unless you plan on actually using a lot of stamps in the future, if you're looking to hoarding as an investment or savings opportunity, you'd be better off "investing" your money elsewhere. Just doesn't make sense to buy an excess of if you don't use a lot to begin with. http://www.usps.com/postalhistory/welcome.htm http://www.postalmuseum.si.edu/index.html http://www.postalnews.com/ > Buy up those .41 Forever stamps while they last. I'm going to hoard mine > for about 20 years, then drag them out, just to vex the post office.lol [quoted text clipped - 111 lines] >> ... Tomorrow will be yesterday soon enough. >> ___ Blue Wave/QWK v2.12 Frogs, it was a joke.:) Kelly C. > Unless you plan on actually using a lot of stamps in the future, > if you're looking to hoarding as an investment or savings opportunity, [quoted text clipped - 10 lines] >> >> Kelly C. I figured so :) , however, that one guy was all over the news when the forever stamp came out because he purchased $5000 worth. What his exact reasons were -- I didn't follow up on the story, or I did and just don't remember now. > Frogs, it was a joke.:) > [quoted text clipped - 15 lines] >>> >>> Kelly C. > From the shocked response I've received from a few, I'm guessing > a lot of folks missed the TV news on Lincoln's Birthday. Heh, still using the 39 centers with the two cent add-ons. Got unopened .41 still awaiting. Guess I'll need to buy more .02 back-ups. Idiots! Oh well, the election will change all that I'm sure...yeah, sure... LOL! Bud The election may very well produces a lot of [more] changes in the USPS. Good or bad we'll see. Republicans don't seem to be much of supporters of the workers. How much the public will be effected, we'll have to wait and see too. http://www.usps.com/postalhistory/welcome.htm http://www.postalmuseum.si.edu/ http://www.postalnews.com/ >> From the shocked response I've received from a few, I'm guessing >> a lot of folks missed the TV news on Lincoln's Birthday. [quoted text clipped - 4 lines] > > Bud
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