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To: Dealer who wrote (53319)6/28/2002 1:16:21 PM
From: stockman_scott  Respond to of 65232
 
U.S. postal rates rise on Sunday

June 28, 2002


(Reuters) — The cost of mailing a standard letter domestically increases 3 cents this Sunday to 37 cents. Sending a postcard will rise 2 cents to 23 cents.

It is the third postage increase since 1999 and is expected to generate about $500 million a month in additional revenue for the embattled U.S. Postal Service, which is struggling with higher costs and the inroads of e-mail and other delivery services.

``I've gone through this so many times,'' said Phil Holt, who used his lunch hour in Washington to purchase a book of 37-cent stamps.

The postal service is urging people to buy stamps ahead of the increase to prevent a rush on post offices. The agency has printed 15 billion new 37-cent stamps and 3-cent makeup stamps.

Postal service spokesman Jerry Kreienkamp warned customers the agency will not cut mailers slack if they forget to stick a 37-cent stamp to their letter next week.

``The regulations state (letters) have to have 37 cents, and I think people have had sufficient notice,'' Kreienkamp said.

The postal service has pledged not to raise rates again until 2004, at the earliest.