For the past 14 years, the Postal Service has had limited pricing authority to respond to changing market realities.Why is the Postal Service losing money with mail?
#STAMP PRICE FULL#
With full implementation, the 10-year plan reverses a projected $160 billion in losses over the next 10 years. The proposed rate changes are expected to generate $44 billion over the next 10 years.
In the past 10 years, mail volume has declined by 46 billion pieces, or 28 percent, and is continuing to decline. The change is expected to take effect August 29, 2021, if approved by the PRC.Īs part of its 10-year plan to achieve financial sustainability and service excellence, the Postal Service is asking the PRC to review proposed increases to the prices of a FCM Forever stamp, single-piece, metered mail 1-ounce, postcard, and single-piece 1-ounce flats, among other products.Prices for business customers - marketing mail, periodicals and other special services - will also increase.Įven with post rate increases, USPS prices will remain among the world’s most affordable. The Postal Service is asking the Postal Regulatory Commission (PRC) to review increases in the prices of a First-Class Mail® (FCM) Forever stamp, metered mail 1-ounce, postcard, and single-piece 1-ounce flats, among other products. A fact sheet on the Postal Service’s rate change request is available here. The complete Postal Service price filings with prices for all products can be found on the PRC site at. Under the current pricing model and the proposed rate change, the Postal Service still has some of the lowest letter-mail postage rates in the industrialized world and continues to offer a great value in shipping. The proposed Mailing Services price changes include: Summarized Price Changesįirst-Class Mail Single-Piece Letters (1 oz.)įirst-Class Mail Single-Piece Letters additional ounceįirst-Class Mail Single-Piece Flats (1 oz.) Over the same period, First-Class Mail volume has dropped 32 percent, and single piece First-Class Mail volume - including letters bearing postage stamps - has declined 47 percent. First-Class Mail prices would increase by 6.8 percent to offset declining revenue due to First-Class Mail volume declines. The proposed price changes would raise overall Market Dominant product and service prices by approximately 6.9 percent. 29, 2021 that are in accordance with approvals provided by the PRC last year. On May 28, 2021, as part of “ Delivering for America,” its 10-year plan to achieve financial sustainability and service excellence, the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) requesting price changes to take effect Aug.
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