As a reminder, the United States Postal Service (USPS) will be increasing the price of a first-class stamp from $.46 each to $.49 each on January 26th, 2014. If you are planning on getting a mailing out the door this month, you can save money by sending it a few days early.
LetterStream will be raising its prices on all first-class mail products by 3 cents to cover the cost of the USPS price increase. Our new prices will take effect at 5:00 pm on January 24th, as jobs received over the weekend will be mailed on Mon. Jan. 27th at the new postage rate.
As is our tradition, LetterStream has no plans to increase prices beyond the USPS increase. Keep in mind that the USPS has raised prices on postcards, flats, certified mail and other products as well. These increases will be reflected where appropriate in LetterStream prices. We look out for our customers as best we can!
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:
News Release No. 13-007: U.S. Postal Service Announces New Prices for 2014
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.