![]() ![]() The PRC will review the changes before they are scheduled to take effect. Postal Service remain among the most affordable in the world. Postal Service Announces New Prices for 2023Īs operating expenses continue to rise, these price adjustments provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The proposed Mailing Services price changes include: ![]() The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item. There will be no change to the single-piece letter and flat additional-ounce price, which remains at 24 cents. A 1-ounce letter mailed to another country would increase to $1.45. The price for 1-ounce metered mail will increase to 60 cents, and the price to send a domestic postcard will increase to 48 cents. The price changes have been approved by the Governors of the U.S. If favorably reviewed by the Commission, the proposed increases will raise First-Class Mail prices approximately 4.2 percent to offset the rise in inflation. The new rates include a three-cent increase in the price of a First-Class Mail Forever stamp from 60 cents to 63 cents. WASHINGTON, DC - Today, the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect Jan. Postal Service Announces New Prices for 2023 Security controls for commercial mailers.USPS proclaims that it has “some of the lowest postage rates in the industrialized world. Rate hikes are part of an effort to reduce those losses. Even if all goes according to plan, DeJoy believes the organization would still experience losses of $60 to $70 billion over the 10-year timeframe. In March 2021, DeJoy released a reform plan that makes it a goal to wipe out $160 billion in projected Postal Service losses over the next decade. Examples include:įirst-Class Package Service, Parcel Select Ground, and USPS Retail Ground: Meanwhile, the holiday season increased shipping fees would apply to Priority Mail Express, Priority Mail, First-Class Package Service, Parcel Select and USPS Retail Ground. The outfit has run at a heavy operating loss for years.Ĭurrently, it’s uncertain what the January rate increases might look like. Postal Service is not funded by tax dollars, but rather through the sale of postages, supplies and other services. Unlike most other Federal government services, the U.S. “The fact of the matter is that we have a long road and a lot of hard work ahead in our 10-year transformation to ensure the long-term financial sustainability of the Postal Service,” DeJoy said. Going forward, USPS could seek increases every January and July, starting in January 2023. Still, DeJoy said the increases are necessary as the Postal Service projects that inflation will cause costs to exceed its 2022 budget by more than $1 billion. The moves heap another inflationary burden on businesses, including those in the promotional products market, that rely on USPS to transport letters and packages. 9 said that he plans to seek another rise on stamps and other services in January – just five months after the organization raised prices, on average, by 6.5%. While those heightened seasonal charges will be temporary, other further permanent rate hikes also loom. USPS announced that it will hike rates during the peak holiday shipping season, starting October 2 and ending January 22. The United States Postal Service is raising rates – again. ![]()
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