Jan. 27-- Losing $25 million a day, the U.S. Postal Service will increase the price of a first-class stamp to 46 cents Sunday, the sixth hike in eight years.
The mail system suffered a record $15.9 billion loss in 2012, including an $11.1 billion default on payments to the U.S. Treasury.
"We are on an unsustainable financial path," Postmaster-General Patrick Donahoe told Congress earlier this month.
"The Postal Service shouldn't have to do business this way."
It has already cut its budget by $15 billion in recent years while shedding 168,000 jobs, or nearly a quarter of its workforce.
But officials need to save another $6.5 billion a year to reach their goal of becoming profitable by 2015.
Possible reforms include the end of Saturday deliveries, consolidating hundreds of distribution centers and closing as many as 3,700 post offices.
An initial plan was going to send all of Tulsa's mail through Oklahoma City to be sorted.
But Tulsa's Processing and Distribution Center survived a first round of consolidations last year, sparing about 600 jobs.
Now postal officials want to speed up "further cost-cutting measures," which presumably includes a second round of consolidating that was already being planned for 2014.
The Postal Service announced last year that another 89 distribution centers would be closed, but officials haven't publicly identified which ones.
Tulsa postal workers were not allowed to comment last week.
Customers seemed to shrug off the price increases.
"I would stock up on stamps, but I never buy them anyway," said Kevin Marshall, who was waiting in line to mail a package at the downtown post office.
"I can't remember the last time I sent a letter to anybody."
Besides the 1-cent increase for first-class stamps, shipping services will go up 4 percent.
Priority mail flat rates will range from $5.80 for small boxes to $16.85 for large boxes.
The Postal Service will continue to offer "Forever Stamps" that will remain valid despite any future price hikes.
And a new "Global Forever Stamp" will let customers send a letter anywhere in the world for the set price of $1.10.
Stamps have gone up six times in the last decade, costing only 37 cents in 2003.
"Everything else keeps getting more expensive," said Patricia Christiansen, dropping off a package downtown. "Why should the mail be any different?" Postage for a 1-ounce letter July 6, 1932: 3 cents
Aug. 1, 1958: 4 cents
Jan. 7, 1963: 5 cents
Jan. 7, 1968: 6 cents
May 16, 1971: 8 cents
March 2, 1974: 10 cents
Dec. 31, 1975: 13 cents
May 29, 1978: 15 cents
March 22, 1981: 18 cents
Nov. 1, 1981: 20 cents
Feb. 17, 1985: 22 cents
April 3, 1988: 25 cents
Feb. 3, 1991: 29 cents
Jan. 1, 1995: 32 cents
Jan. 10, 1999: 33 cents
Jan. 7, 2001: 34 cents
June 30, 2002: 37 cents
Jan. 8, 2006: 39 cents
May 14, 2007: 41 cents
May 12, 2008: 42 cents
May 11, 2009: 44 cents
Jan. 22, 2012: 45 cents
Jan. 27, 2013: 46 cents
Michael Overall 918-581-8383 firstname.lastname@example.org
(c)2013 Tulsa World (Tulsa, Okla.)
Visit Tulsa World (Tulsa, Okla.) at www.tulsaworld.com
Distributed by MCT Information Services
Most Popular Stories
- Fed Committee Optimistic About Growth Prospects
- How ESPN Became a $50B Sports Empire
- Pot's Legal in WA -- But You Should Probably Ask Your Boss
- Challenger Raises Bar on Muscle Cars
- Fight Against Teacher Tenure Gains Momentum
- President Obama Relishes Roadshow, but Agenda Still Stuck
- Small Businesses Could Get Paid Faster
- Stevie Fielder Changes Tune on Thad Cochran Vote-buying Story
- California Chambers Head for the O.C.
- Pau Gasol Turns Down Lakers' Offer