The Postal Service has announced shipping services price changes to take effect on January 19. The USPS governors approved the proposed adjustments last week.
The changes would raise shipping service prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select.
Federal law divides USPS products into two categories: market-dominant and competitive. The market-dominant category includes mailing services, including First-Class Mail, while the competitive category includes Priority Mail, Priority Mail Express and commercial package services, such as Parcel Select.
Although mailing service price increases are based on the consumer price index, shipping service prices are primarily adjusted according to market conditions. According to the USPS governors, these new rates will keep the Postal Service competitive while providing the organization with needed revenue.
USPS recently announced it would not raise mailing services prices in January.
As a strategic part of its “Delivering for America” ten-year plan, the proposed shipping services price changes will reportedly “support the Postal Service in creating a revitalized organization capable of achieving the organization’s public service mission—providing a nationwide, integrated network for the delivery of mail and packages at least six days a week—in a cost-effective and financially sustainable manner over the long term.
The Postal Regulatory Commission will review the changes before they take effect.
The complete Postal Service price filing, with prices for all products, can be found on the PRC website in the Daily Listings section. The price tables are also available on the Postal Service’s Postal Explorer website.
Image courtesy USPS
