Lexington’s Paul Steidler was quoted in a CBS News story about the U.S. Postal Service’s announcement that it will raise mail prices an average of nearly 7 percent. The price of a first-class stamp will rise from 55 cents to 58 cents.
The plan comes when on-time delivery rates of mail are down significantly. “Asking consumers and businesses to pay more for a service that is underperforming could risk a further loss of postal business, said Steidler. “People are willing to pay more for mail but want a guarantee, or at least an assurance, that it will be delivered on time,” he continued.
Moreover, Steidler argued, “To come out and say you’re going to ask for close to a 7% hike in that atmosphere, and at a time when there is fragility in the economy, that is, I think, going to do more harm than good.” The dissatisfaction with service among consumers that could result from the price hike may also move business away from USPS, he added.
Read the full article here.
Find Archived Articles: