The US Postal Service has requested permission to increase postage rates in the new year. If approved the rates will increase on January 22nd.
Here is a summary of the expected increases:
The cost of a First-Class letter will go from $0.47 to $0.49. Each additional ounce will still cost $0.21.
For First-Class flats (large envelopes) the one-ounce rate jumps for $0.94 to $0.98. Once again there will be no change for additional ounces.
First-Class parcel rates go up an average of 0.624% with some rates going down and others going up.
Global Express Guaranteed rates are proposed to increase 4.9%. No other changes for international shipping is expected.
Priority Mail Express
An overall increase of 3.4% is proposed for Priority Mail Express. Priority Mail Express Flat Rates are increasing.
Overall the Priority Mail rates will increase by 3.9%. All Flat Rate options will also increase. For those of you using Priority Mail Regional Rates, most rates are also increasing but there will be no change in postage for a Regional Box A going to a Zone 5 and prices will actually decrease for Regional Box A being shipped to Zone 8.
Parcel Select Ground
Once called Parcel Select, this recently renamed service will see a 2.7% increase overall. Although some rates will decrease.
A Standard Mail rate adjustment is expected but at this time there is limited information available. What we do know is that the Post Office plans to rename this service Marketing Mail.
As always, if you have questions about how these rate increases will impact your business, we would be happy to help. We can be reached at 303-858-1036.