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.