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Stock impact report

USPS 8% Surcharge Could Hit Small Businesses and Shoppers Alike [CNET News]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: CNET News
It's about to cost more to ship packages through the United States Postal Service . The USPS said Wednesday that it will implement a temporary 8% surcharge beginning in April "to better align its costs of transportation with the market." Like everyone, the post office is facing higher fuel costs driven by ongoing turmoil in the Middle East. The proposed increase will affect Priority Mail Express, Priority Mail, USPS Ground Advantage and Parcel Select, but not first-class stamps and other products and services. If the Postal Regulatory Commission approves the measure, the price change will begin on April 26 at midnight Central Time and expire on Jan. 17, 2027, at midnight Central Time. At that time, the USPS will assess if the surcharge will continue. Last week, Postmaster General David Steiner told Congress that the USPS will run out of money by next February. He requested that Congress lift regulatory restrictions so that the postal service can raise prices on products and ser Show less Read more
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