Postal Rates to Spike Again

Following January's 5.4 percent rate increase, prompted by rising fuel and health care costs, the U.S. Postal Service filed yesterday a request to increase postage rates by an average of 8.5 percent - including a three-cent hike in the price of first-class stamps - writes BtoB. Provided the absence of a set timetable for rate increase requests, the USPS also proposed to create an annual rate adjustments cycle.