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November 22, 2008 4:45:44 CST

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Stamp Price to Hit 42 Cents on Monday

Posted May 10, 08 2:17 PM CDT in Business 

(Newser) – There’s a run on the post office today as Americans snap up first class stamps before they cost a penny more on Monday, the Los Angeles Times reports. If the 42-cent price seems insignificant, just think of Netflix, which sends and receives nearly 2 million parcels a day, and pays both ways.

Small businesses and Christmas card senders are also stocking up, but regular folks should take notice: The price hike is the first under a new law that allows the USPS to raise prices on “competitive products” like Express mail as it sees fit. “The idea of the new law was that we would be a more business-like operation," one official said.

Source Los Angeles Times

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Parcels are automatically sorted at the United States Postal Service Leslie N. Shaw Sr. Processing and Distribution Center in Los Angeles.   (AP Photo/Damian Dovarganes)
The Forever stamp. In the run-up to the rate increase, Americans have been buying 30 million Forever stamps a day.   (AP Photo/USPS)
A man holds a roll of a 100 USA First-Class stamps.   (AP Photo/Damian Dovarganes)
A woman uses a dolly to carry packages she needs to mail into the main Post Office in Providence.   (AP Photo/Stew Milne)
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