Oct19

Rate Increase in the Works for U.S. Postal Service

Categories // LA Focus, Entertainment Thursday, 19 October 2017

Rate Increase in the Works for U.S. Postal Service

With the financial outlook for the U.S. postal service in distress, it should come as little surprise that U.S. postal rates are going up. That’s if the changes are approved by the Postal Regulatory Commission and given their track record, a rate increase is a sure thing.

For most—who are not in an industry dependent upon mailing and shipping of goods and materials—the changes won’t be all that significant. But, if on the other hand, your business does a lot of mailing, the increases will add up.
      “While Mailing Services price increases are limited based on the Consumer Price Index (CPI), Shipping Services prices are adjusted strategically, according to market conditions and the need to maintain affordable services for customers,” the United States Postal Service said in a press release.
      Effective January 21, 2018, the cost of a letter would increase by one cent to 50 cents for a 1-ounce letter. Metered letters would rise from 46 cents to 47 cents, while postcards will now cost 35 cents, up one penny from 34 cents.
      The proposed price changes also include a nickel rate increase on priority mail flat rate packages, which allow one to ship anything that can fit inside any of its three box sizes and three additional flat rate envelopes. Those price increases—if approved— are reflected below: 
Small Flat Rate Box: $7.20
Medium Flat Rate Box: $13.65
Large Flat Rate Box: $18.90
Large Flat Rate Box (to U.S. Army, Air Force or Navy installation): $17.40.
Regular Flat Rate Envelopes: $6.70
Legal Flat Rate Envelope: $7
Padded Flat Rate Envelopes: $7.25
 

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