USPS Won't Raise First Class Mail Rates in January
The U.S. Postal Service (USPS) last week said it would not raise prices for its market-dominant mail class—which includes first class and standard mail—at the start of the new year. According to EcommerceBytes, the Postal Regulatory Commission had approved a rate increase of up to 4.3 percent, but the Postal Service Governors decided against it.
"The Governors of the U.S. Postal Service have decided not to seek a price change for mail and shipping products and services in January, in part because of the uncertainty regarding the exigent price increase," USPS spokesperson Dave Partenheimer told Target Marketing. "This means that the current pricing of postal products and services will remain in effect through the holiday season and early part of 2015. The board will continue to evaluate pricing strategies and will communicate about any potential price change filings in early 2015. As always, the postal service will provide customers advance notice of any price changes."
In August, USPS announced a rate reduction for some Priority Mail products, allowing it to cut prices by up to 58 percent for certain customers and boost business with e-commerce companies. That pricing change will be carried out as planned.