The U.S. Postal Service is seeking regulatory approval for a near 2% increase in its prices for monopoly services for business customers. If the regulator approves the price increase, it is scheduled to take effect on Monday, April 27, 2015.
The U.S. Postal Service told customers that the 1.966% rate increase, restricted by its annual price cap to the rate of inflation, would bring in about $900m in additional revenue. The Federal Agency generated $67.8bn total revenue in 2014.
Rate changes among the five major service classes could include:
First Class Mail = 1.949% increase
Standard Mail = 1.886% increase
Periodicals = 1.965% increase
Package Services = 1.964% increase
Special Services = 0.234% increase
The U.S. Postal Service is proposing slight increases for mailing letters and postcards - but leaving first-class "Forever" stamps at their present 49 cents. Postcards would rise from 34 cents to 35 cents. On first-class mail, every ounce over 1 ounce would cost an additional 22 cents, up from 21 cents. And letters to all International destinations would go from $1.15 to $1.20.
As always, we will continue to keep you updated of this potential increase. If you have any questions or need assistance please contact your JR Sales Representative.
Download a digital copy of the current Mailing Rateschart below. The USPS Postal Rates Chart also includes a Postal Specifications Chart as well as a handy Envelope Size Guide.