ON YOUR SIDE: Some postal customers could pay as much as $6.45 in additional costs for mailing packages during the holiday season because prices are going up. usps pricehikes alabamanewsnetwork onyourside
The U.S. Postal Service has an early holiday message for people planning to send gifts to friends and family later this year: Be prepared to pay more.
The extra costs will be slapped on packages starting as soon as October 2 — which may strike some as early for holiday shipping — and end on January 22. While the USPS said the price hikes are similar to previous years, the extra shipping costs could add to the financial pressures hitting many families' budgets as inflation remains near a 40-year high, touching everything from gasoline to grocery costs.
The postal service is raising rates amid a financial crunch, with Postmaster General Louis DeJoy on Tuesdaythe Postal Service Board of Governors that the USPS could lose up to $70 billion over the next decade. That's significantly lower than USPS' earlier projection of about $160 billion, but still signals that the service needs to"take immediate and substantial action," DeJoy noted.
The additional holiday shipping fees will be based on the weight of the package and the distance that it is traveling, the USPS said on Wednesday.
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