![]() “With full implementation, the Postal Service’s 10-year Delivering For America plan is designed to reverse a projected $160 billion in operating losses over the next 10 years. In the press release, the USPS explains that the changes are part of a decade long plan to revive the operation and recoup projected operating losses: However, the USPS rate changes were implemented earlier this year than the previous ones. As mentioned earlier, the Postal Service announces rate increases each year. The notice aimed to enact the changes by January 9, 2022. In November last year, the USPS filed a price change request to the Postal Regulatory Commission. In this article, you’ll learn all about the changes and their impact. They previously announced the USPS rate changes, which they imposed last January 9. Finding a carrier that offers reasonable pricing for efficient services is crucial to the business’s success.Įvery year, carriers, including the US Postal System, hike their rates to account for several inflation factors. Since it is the foundation of an eCommerce operation, transportation expenses take the biggest chunk of most retailers’ operational costs. ![]() It is the backbone of the industry and most consumers shop online for the sheer convenience of getting orders delivered to their doorsteps. The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.Shipping and logistics play a crucial role in running an eCommerce business. This information will be available on the Postal Service’s Postal Explorer website at pe./PriceChange/Index on Wednesday November 16, 2022. These tools include price lists, downloadable price files and Federal Register Notices. The Postal Service provides additional resources to assist customers regarding the price changes. For the Shipping Services filing, see Docket No. The complete Postal Service price filings with prices for all products can be found on the PRC website under the Daily Listings section at prc.gov/dockets/daily. Postal Service Announces New Competitive Prices for 2023 The proposed domestic Priority Mail Flat Rate retail price changes are: Unlike some other shippers, the Postal Service has upfront pricing and does not add surcharges for residential delivery or regular Saturday delivery. The Postal Service has some of the lowest letter mail postage rates in the industrialized world and also continues to offer a great value in shipping. The Postal Service governors evaluate shipping rates and fees and adjust them when needed as part of Postal Service’s 10-year Delivering For America plan which is designed to reverse a projected $160 billion in operating losses over the next 10 years. Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions. Shipping Services price adjustments vary by product. ![]() The PRC will review the prices before they are scheduled to take effect. Overall, Priority Mail service prices would increase approximately 5.5 percent, Priority Mail Express service prices would increase by 6.6 percent, and First-Class Package Service prices would increase by 7.8 percent. In addition, some Priority Mail flat-rate retail product prices will be reduced compared with the temporary rate adjustment currently in place, and Priority Mail commercial rates will increase by only 3.6 percent, well below the rate of inflation. This service provides businesses with an affordable same-day and next-day delivery for their local customers. The pricing for USPS Connect Local will remain unchanged. Notably, there is no price increase for Parcel Select Ground, which continues to be a reliable and economical shipping option. ![]() These proposed prices were approved by the Postal Service governors. Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes for Shipping Services to take effect Jan. Priority Mail Commercial rate to increase by 3.6 percent, well below the rate of inflation.Reduced pricing for some Retail Priority Mail Flat-Rate products below the temporary price currently in place.No price increase for USPS Connect Local, which gives businesses of all sizes the ability to reach local customers at affordable rates.No price increase for Parcel Select Ground which, coupled with our recently improved service standard to 2-5 days from 2-8 days, offers a reliable and economical option for shippers.USPS offers some of the lowest shipping rates in the mailing industry and is a great value to reach the more than 163 million delivery points we service across America Security controls for commercial mailers. ![]()
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