“The U.S. Postal Service board will look into hiking postage prices on all types of mail, as losses continue to plague the agency, the chief of the board said Friday. It would affect those sending first-class mail, the most common type of mail consumers use, as well as businesses that mail periodicals, newspapers, magazines and marketing material. In the three months ended March 30, the agency lost $1.9 billion. The service was hurt as the volume of first-class mail decreased by 4.3%, said USPS chief financial officer Joseph Corbett. ‘It’s extremely difficult to compete with free,’ Corbett said, referring to electronic bill paying.”
http://money.cnn.com/2013/05/10/news/economy/postal-service-financials/index.html
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