The U.S. Postal Service (USPS) has filed notice with the Postal Regulatory Commission (PRC) regarding a time-limited price change to better align its costs of transportation with the market.
USPS stated that this temporary price adjustment will provide needed flexibility for the Postal Service by helping to ensure that the actual costs of doing business are covered, as required by Congress.
The planned price change, which was approved by the governors of the Postal Service on March 24, is an 8% increase that would affect base postage prices on the following retail and commercial domestic competitive products: Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select.
Pending favourable review by the PRC, the price change would go into effect at midnight Central Time on April 26 and would remain in place until midnight Central Time on Jan. 17, 2027.
At that time, the Postal Service can determine if a different long-term approach is needed.
USPS also stated that the temporary price change is consistent with industry practices and will support the Postal Service’s ability to continue achieving its public service mission in a cost-effective manner.
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