Jul 08 2010

Postal Updates- USPS Requests a Postage Increase

Published by at 3:49 pm under Postal Updates

The USPS recently filed a request to have a Postage Rate increase beginning on January 2, 2011. The USPS is seeking an average 5.6 % price increase for its products, which include First Class Mail, Standard Mail, Periodicals, Package Services, and Special Services (i.e. certified mail etc).

Some of the recommended changes would increase the price of a First Class Letter Mail stamp two cents, from the current .44 to .46 cents. It is also proposed that Postcards would see an increase of two cents, making the full rate charge of .30 cents per piece.

The Postal Regulatory Commission (PRC) has 90 days to issue its decision on the proposal, if approved, the changes would raise about $2.3 billion for the first nine months of 2011.This would mark the first price increase for market dominant products in almost two years.

Other actions outlined in the proposal are changes in delivery frequency, restructuring prepayments of retiree health benefits, and expanding access to products and services to places more convenient to customers. Another new item will be a new Holiday Evergreen Forever Stamp, which can be used the same way the current Forever stamp is being used. Once you buy it, it’s good forever even if postage goes up on first class stamps.

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