Postal Service Proposed $900 Million Rate Increase

Postal Service Proposed $900 Million Rate Increase

The United States Postal Service (USPS), in an effort to gain financial stability, proposed a rate increase for First-Class Mail (1.949%), Standard Mail (1.886%), Periodicals (1.965%), Package Services (1.964%) and Special Services (0.234%). If regulators approve these increases, they are expected to take effect before the end of April 2015 and bring in approximately $900 million per year in extra revenue.

The Postal Service released a statement about the rate increases, saying:

Today’s action is the latest in a series of steps the Postal Service has taken as part of a comprehensive approach to achieve financial stability. By growing volume, revenue and contribution, the Postal Service will continue to meet America’s mailing and shipping needs well into the future. While improving efficiency in streamlining its network and seeking legislative changes, the Postal Service must address an outdated business model.

With USPS rates rising, so too will your shipping expenses and their impact on your bottom-line. Contact us for a risk-free test-run of our freight auditing and contract proposal analysis.

Intelligent Audit provides its clients with a global, all-mode transportation audit, recovery, freight payment, and business intelligence reporting partner.

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