Trump Says He'd Approve Postal Service Funding If Democrats 'Give Us What We Want'

The U.S. Postal Service is rolling out its first peak-season surcharges for commercial package deliveries as the agency seeks to cope with costs from the coronavirus pandemic and an expected surge in holiday demand. The increases range from 24 cents to $1.50 per package and will last from Oct. 18 to Dec. 27, the post office said Friday in a notice to the Postal Regulatory Commission. The higher prices will affect Amazon.com Inc., smaller retailers and couriers such as United Parcel Service Inc. that rely on the government agency as an inexpensive last-mile delivery option. “Most everyone uses the Postal Service in some form or fashion,” said John Haber, CEO and founder of Spend Management Experts, a consultancy that helps shippers lower delivery costs. “It’s a very big deal.” The post office’s price increases follow similar moves by UPS and FedEx Corp., which added surcharges earlier this year as the pandemic prompted more people to order goods online rather than risk shopping in stores. Package carriers are expected to be strained this holiday season, raising concern over their ability to keep pace. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at [email protected] QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.