Price of mail, packages could go up due to post office financial woes

Updated: Nov. 15, 2017 at 6:07 AM EST
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RICHMOND, VA (WWBT) - The U.S. Postal Service says they continue to deal with serious financial problems, despite changes to how they deliver your mail and packages.

Despite their financial problems, you will likely not see a huge change when it comes to costs and delivery service for shipping mail this holiday season.

However, come January, the U.S. Postal Service could be looking at some serious price increases when it comes to your mail.  The price of a first-class stamp is now 49 cents, but that will likely go up substantially.

The postal service is pleading for more freedom to raise stamp prices and even price increases for packages to help keep pace with consumer demand and for ever-quicker deliveries from online shopping.

The U.S. postal service has tried making more money by stepping up package deliveries and even delivering on Sundays to compete with UPS and FedEx.

However, despite the changes, they are not making enough to offset the drop-off in traditional letters to your mailbox.

Funding health and retirement costs for postal workers is also a major factor for those financial woes.

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