USPS: 3.4% Price Increase on Shipping
April 26 is the day the U.S. Postal Service wants to raise overall shipping rates 3.4 percent and postage 2 percent, but not change prices on domestic Priority Mail Express and Priority Mail services and products, according to a USPS press release.
On Monday, USPS announced it filed the package and shipping requests with the Postal Regulatory Commission, where the USPS had already filed postal rate paperwork on Jan. 15 (opens as a PDF).
"Priority Mail is the postal service's flagship shipping services product" and the USPS wants to maximize its growing package revenue as First Class mail volumes decline.
"With affordable shipping options and improved tracking, the postal service hopes to attract new business customers and become their delivery platform of choice," reads Monday's release. "In [fiscal year] 2014, postal service shipping and package services volume grew by 300 million pieces, an increase of 8.1 percent over the previous year."
As prices on domestic Priority Mail Express and Priority Mail services and products remain steady, the USPS will raise the cost of Priority Mail International by 6.8 percent and zone charges in Canada. "Priority Mail Express International will increase 6.7 percent with Flat Rate pricing available," according to the release.
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