Hi Friends,
It’s no secret that the US Postal Service has been struggling for years and has not done great job of doing its job - delivering the mail in an efficient and timely way.
Postage rates have been increasing for years, but they just announced another increase that is a much bigger jump than the usual 1 - 2 cents per increase - they are going from 51 cents to 58 cents for a standard stamp… ouch!
I am sure people wouldn’t mind paying more if the service was actually getting better, but that will likely not the be the case. Maybe time to take a look at FedEx stock again?
Of course, fewer people are using postage these days anyway, so demand is going down as well, not helping the finances of the postal service.
Thanks for coming by,
Brian
