Stamp Price to Hit 42 Cents on Monday

First hike under a new law makes USPS more 'business-like'
By Harry Kimball,  Newser Staff
Posted May 10, 2008 2:17 PM CDT
Stamp Price to Hit 42 Cents on Monday
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)

(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. (Read more USPS stories.)

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