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Friday, Mar 29, 2024

Many Postal Rate Changes to Take Effect May 12

Businesses may find themselves getting a bit of a break from the U.S. Postal Service come May 12. Although first-class rates are going up a penny (get your Forever stamps before May 12), commercial volume and contract prices, rebates, online price reductions, and other incentives for services such as Express Mail, Priority Mail, Parcel Select, Parcel Return Service, and International Mail will go into effect as well. “These innovative pricing incentives will make our products more attractive to all shippers, especially small businesses,” said Postmaster General John Potter in a prepared statement. “We’re pricing our products to sell in today’s competitive shipping market.” Highlights of the changes include: – Express Mail rates will now be based on zones, so customers will pay less for short-hop mailings. Online and corporate account purchases will qualify for a 3 percent savings. Other price reductions are available for those who ship quarterly minimums. – Priority Mail shippers who use electronic postage can save an average of 3.5 percent on their packages. – Parcel Select will have pricing and volume incentives for large- and medium-size shippers. – Parcel Return Service will move entirely to a weight-based pricing system, with lower prices for many lighter packages. Visit http://www.usps.com/prices for more details on all of the pricing changes.

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