Postal Service Governors decide future pricing to follow new regulations (US)
The Postal Service Governors announced today future prices will be adjusted using new regulations issued by the Postal Regulatory Commission (PRC) on Oct. 29. Consistent with the Postal Accountability and Enhancement Act of 2006, future price increases will be capped at the rate of inflation for mailing services.*
The Governors had the option of filing one last rate case under the regulations used since 1971 but voted to proceed with the new pricing regulations.
“We thank the Postal Regulatory Commission for completing the new rules eight months ahead of the statutory deadline,” said Postmaster General John E. Potter. “This delivers one of the main goals of the new law for business mailers—a predictable price schedule.”
The new pricing regulations give the Postal Service added flexibility for shipping services.** “We intend to use this new flexibility to grow our competitive business,” said Potter, “offering volume discounts and contract pricing.”
“There are still many details to be worked out, but we look forward to partnering with the PRC and our customers to maximize the advantages of the new pricing rules,” Potter said.
*Mailing services include First-Class Mail, Standard Mail and Periodicals.
**Shipping services include bulk parcels and expedited package services such as Priority Mail and Express Mail.
