UPFRONT

Postal Commission OKs Hike

WASHINGTON, DC—A 5.4 percent increase in United States Postal Service (USPS) rates virtually across the board has been approved by the Postal Rate Commission. The rate increases were expected to take effect by the middle of January. The increase will help the USPS meet its $3.1 billion escrow payment due in 2006. Nonprofit mailings will go up by 3 percent, while the book rate will balloon 12.7 percent, in accordance with the requirement that all classes of mail cover their direct cost of service. A First Class stamp will rise by 2 cents.