USPS Rate Increase Will Generate $4.16 Billion

The U.S. Postal Service’s Board of Governors yesterday accepted the Postal Rate Commission’s recommendation to increase postal rates an average of 7.7 percent on June 30. The increase will generate $4.16 billion in additional revenue for the USPS. Regular Standard Mail rates would increase an average of 7.8 percent; Nonprofit Standard, 6.6 percent; Commercial Enhanced Carrier Route Standard Mail, 6.2 percent; and Nonprofit Enhanced Carrier Route Standard Mail, 6.5 percent. Though this would be the third round of increases in 18 months, after increases in January and July 2001, postmaster general John E. Potter reiterated the pledge he made last week that there would be no more postal rate increases before calendar 2004.” Dmnews: “The PRC also approved a 3-cent increase on the price of a First-Class stamp, which equates to a 7.7 percent increase; 6.4 percent for Parcel Post; 10.3 percent for periodicals sent outside counties; 13.5 percent for Priority Mail; 9.4 percent for Express Mail; and 9 percent for Bound Printed Matter. In other changes, Priority Mail will have a new, 1-pound flat rate at $3.85. Postage for heavier pieces will vary by zone. An 8-ounce flat rate Express Mail letter will be $13.65. Customers who mail First-Class Mail parcels, will now be able to buy Delivery Confirmation or Signature Confirmation

Relevant Directory Listings

Listing image

KEBA

KEBA, based in Linz (Austria) and with branches worldwide, is a leading provider in the fields of industrial automation, handover automation and energy automation. With around 2000 employees, KEBA offers innovative solutions such as control systems, drive systems, ATMs, parcel locker solutions, e-charging stations, and […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

Pin It on Pinterest

Post & Parcel
FedEx new facility “a crucial part of our strategy for the Netherlands”
Emirates Courier Express launched to “challenge the status quo”
Evri announces robot dog delivery trial
Deutsche Post issues Germany’s first recycled stamp
SingPost: key executives step down
FedEx new facility “a crucial part of our strategy for the Netherlands”
Emirates Courier Express launched to “challenge the status quo”
Evri announces robot dog delivery trial
Deutsche Post issues Germany’s first recycled stamp
SingPost: key executives step down
1
2
3
4
5
Listing image
Listing image
Listing image
Listing image
USPS Governor Mike Duncan “played a big role in efforts to create long-term sustainability”
ParcelHero: using tariffs as a tool to achieve economic and political objectives is undoubtedly disruptive to trade
USPS and Customs and Border Protection now “working closely together for the new China tariffs on parcels”
USPS: Luke Grossmann has been appointed as the new Chief Financial Officer
Share This