Postal Service Denied Rate Increase

WASHINGTON, DC—In a move that was as surprising as it was welcomed by the printing and mailing communities, the Postal Regulatory Commission (PRC) denied the U.S. Postal Service's (USPS) request for an average 5.6 percent rate increase. The commission unanimously found that the Postal Service failed to justify rate increases in excess of its statutory Consumer Price Index (CPI) price cap.