The United States Postal Service (USPS) has announced a price increase effective January 26, 2014. The new pricing structure was announced a few days ago, September 25, 2013, on the USPS website:
The Postal Service calls this a “proposed price increase” but generally their proposed price increases are pretty close to what they know they can get approved. The price increase is expected to generate an additional $2 billion in annual revenues for the USPS, which would still leave them a far distance from being profitable, but it’s certainly a step in the right direction.
Highlights of the new single-piece First-Class Mail pricing, effective Jan. 26, 2014 include:
- 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
In addition to the USPS news release, we found a USA Today article that contains additional information on the rate change: Postal Service proposes 3-cent rate hike for stamps
LetterStream typically passes the actual published USPS postage rates along to customers, but we’re evaluating whether this will be our strategy given the roughly 7% increase on the First-Class postage rate. LetterStream also offers eDocument delivery for many of our mailing products to drastically offset the cost of postage.