U.S. Postal Service shrinks forecast losses as it hikes prices

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USPS said two years after unveiling its reform plan it has reduced projected losses from $160 billion to $70 billion over 10 years and still forecasts it can break-even by 2030 despite inflationary pressures that added $3 billion in USPS costs over the last two years.

USPS is raising prices twice yearly and expects its “new pricing policy to generate $44 billion in additional revenue” by 2031. USPS said last month it plans to hike the price of first-class mail stamps to 66 cents from 63 cents and raise overall first-class mail prices by 5.4%.