It is raising overall product and service prices by approximately 6. The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. All rights reserved About Us. How will this change help the Postal Service? Why is the Postal Service losing money with mail?
For the past 14 years, the Postal Service has had limited pricing authority to respond to changing market realities. The Postal Service delivered Click image for larger version Do you expect to raise rates again in October ? Are the rates changing for international stamps? The Plan enables reliable and predictable service to our customers and proposes a fair pricing approach that aligns to market realities.
We are pursuing a rational pricing approach, using pricing authority approved by the PRC for our market-dominant products. The Plan will enable us to design a precise and efficient processing and transportation network, positioning us to deliver 95 percent of all mail and packages on-time.
Judicious price increases paired with investment in our network will allow us to provide the predictable, reliable service that the American people expect and deserve and ensure the financial sustainability of the Postal Service. Some other aspects of the Plan require a lengthy legislative process and Congressional approval to carry out. However, price changes, as well as other Plan elements to increase efficiencies and reduce costs, are self-help strategies that the Postal Service can initiate right now.
The extent to which other parts of the Plan are successful, such as the legislative and administrative requests, could serve to mitigate the need for price increases as we move forward. The Postal Service has been experiencing shrinking mail volume for over a decade. These trends are expected to continue in the coming decade, with total volume expected to decline by 36 percent by FY It's no secret that widespread use of email and the shift to online banking have taken a toll on the post office.
People need fewer stamps for letters and bills these days, and businesses can reach customers more affordably and efficiently with email instead of junk mail. The original Post Office Department, established in , was reorganized as the USPS, a separate agency, in , and generally receives no taxpayer money for operating expenses.
A law capped postage increases at the Consumer Price Index , the government's main measure of inflation. You are leaving AARP. Please return to AARP. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also manage your communication preferences by updating your account at anytime. You will be asked to register or log in.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering. In the meantime, please feel free to search for ways to make a difference in your community at www. USPS understands what's most important to our business customers: speed, affordability, security, and customer service.
We help businesses provide these services and resources to your customers at discounted rates. First-Class Mail is targetable, trackable with certain extra services , and measurable, offering a wide range of options for businesses. With address correction and forwarding services, your messages will reach a greater percentage of your target audience.
Bulk Discounts. First-Class Mail commercial pricing is available for presorted letters, flats, and packages with a minimum quantity of mailpieces.
Automation discounts may also apply.
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