USPS

US Postal Service Submits Filing for Price Increase to Go Into Effect January 2023

This article was originally published on Brand United. It can be viewed here.

Late on Friday, October 7, the Postal Service submitted a filing with the Postal Regulatory Commission proposing a price increase. This would be in effect on January 22, 2023. The PRC will review the filing to ensure that USPS calculations are accurate and the proposed prices comply with the statute. The PRC is expected to approve the request in November. Yes, postage increased in July, and now there will be another increase in January. We also expect another increase in July of 2023.

Here are some of the proposed rates:

First-Class Mail:

  • The stamp and Meter price differential will remain at 3 cents.
  • Non-machinable surcharge for Letters will increase from 39 cents to 40 cents.
  • The additional ounce rate will remain at 24 cents.
  • 5-Digit Automation Letters price will increase by 3.5%.
  • The overall increase for Flats is 6.2%.

Standard Marketing Mail:

  • Letter overall increase is 3.2%
  • The flat overall increase is 6.2%
  • Creation of 5 new discounts for flats on SCF pallets
  • EDDM retail increased by 1%
  • CRRT overall increased by 6.2%

Don’t let the postage rate increases scare you away from this vital marketing channel. Direct mail has the highest ROI of all marketing channels when done correctly. On average, the postage rates increased by less than a penny per piece, so they will not drastically increase your overall direct mail budget. Still, it is essential to account for the additional postage funds. It’s time to get creative and send direct mail that is interesting as well as cost-effective. Are you ready to get started?

  1. As operating expenses continue to rise, these price adjustments provide the Postal Service with much-needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The prices of the U.S. Postal Service remain among the most affordable in the world.The PRC will review the changes before they are scheduled to take effect. The complete Postal Service price filing, with prices for all products, can be found on the PRC website under the Daily Listings section at prc.gov/dockets/daily. The Mailing Services filing is Docket No. R2023-1. The price tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.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.

US Postal Service Submits Filing for Price Increase to Go Into Effect January 2023 Read More »

USPS Proposed Postal Rates for 2014

The USPS announced proposed price changes for 2014. Included in the proposal is an increase in the price of a First-Class Mail single-piece letter from 46 cents to 49 cents. The proposed changes, which would go into effect January 26, 2014, are intended to generate $2 billion in incremental annual revenue for the Postal Service.

Highlights of the new single-piece First-Class Mail pricing

  • Letters (1 oz.) “” 3-cent increase to 49 cents
  • Letters additional ounces “”  1-cent increase to 21 cents
  • Letters to all international destinations (1 oz.) “” $1.15
  • Postcards “” 1-cent increase to 34 cents

According to the United States Postal Service, the postal rate increases are expected to generate $2 billion in new revenue to improve financial situation.

Read the complete press release here.

USPS Proposed Postal Rates for 2014 Read More »

New Deputy Postmaster General Appointed

Capitol Hill staffer Ronald Stroman has been named as the new Deputy Postmaster General according to a press release issued by the USPS.

His appointment marks the first time since 1971 the U.S. Postal Service has filled the No. 2 position from outside. Stroman will bring more than 30 years of professional experience in government, legislative affairs and leadership. …

New Deputy Postmaster General Appointed Read More »

Simplified Addressing Changes Effective 01-02-11

The USPS has eased the rules on simplified addressing effective Jan. 2, 2011. These changes are expected to help small businesses who have not used direct mail because of the cost. Simplified addressing enables business mailers to use mail delivery route information, instead of exact names and addresses, to reach target customer groups in specific geographic areas. …

Simplified Addressing Changes Effective 01-02-11 Read More »

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