USPS Wants 2% Rate Hike for Market Dominant Products
The Postal Service seeks its inflationary rate adjustment and looks to set up a separate pricing structure for FSS Standard Mail.
The U.S. Postal Service today filed a request with the Postal Regulatory Commission (PRC) for a 1.966% rate adjustment based on the Consumer Price Index. This increase applies only to market-dominant products, such as Standard Mail, that is the primary postage class of direct mailers.
USPS has asked that the increase take effect on April 26 and estimates that it will generate an additional $900 million in “contribution”—or net income—on an annualized basis. Should the PRC agree to meet the Postal Service's timeline, contribution for USPS's fiscal year 2015, which concludes at the end of September, will be around $400 million.
The CPI case includes a separate pricing structure for Standard Mail run through the Flats Sequencing System. Under the proposal, FSS pricing will no longer exist for carrier route, high density, or high density plus categories. In their place a five-digit carrier route pallet price will be created. Rates for Standard Flats will increase by 2.465%
Prices of Forever stamps will remain at 49 cents in the new rate base. International letters will increase by a nickel to $1.20 and postcards will go up a penny to 35 cents.
Earlier this week, the PRC issued an order for the removal of the exigent surcharge put in place in December 2013, laying out a plan to phase out the 4.3% emergency increase as the Postal Service nears receipt of the $3.2 billion in additional revenue it was meant to provide. The Postal Service had delayed asking for its annual inflationary adjustment pending the outcome its petition to the D.C. Court of Appeals to make the exigent increase permanent. The court's decision is still forthcoming.
Business Breaking News: Best Ultrabooks for Business 2015 (and Why We Love Them)
A great business laptop doesn't have to be bulky. Ultrabooks — usually defined as notebooks with slim frames and long battery life — provide plenty of computing power without weighing you down on your daily commute.
The term “Ultrabook” was actually coined by Intel for a new generation of slim, fast PCs. Today, it’s used to refer to notebooks that are similar in design to Apple’s MacBook Air, most of which are lightweight and come with fast SSD storage drives. The best Ultrabooks can be pretty pricey, but they might be worth the cost for a laptop that's as portable as it is powerful. Here are our favorite slim work machines for 2015.
HP's new EliteBook Folio 1020 packs a ton of goodies for business users into a supersleek package. In fact, at just 0.62 inches thick and 2.68 lbs., it's thinner and lighter than both Dell's XPS 13 and Apple's MacBook Air. People who want to work on the Folio 1020 will appreciate its fingerprint reader, which ensures that only you will be able to access your business files. It also comes with a sharp 12.5-inch quad-HD display and a docking port, so you can easily use a bigger monitor, as well as accessories like a mouse and external hard drive, when you arrive at the office. We also like the inclusion of the Synaptics ForcePad, a touchpad that uses pressure to register clicks more reliably. Here are some of the features we like:
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