Postal Service Committed to Growth; Action Taken to Increase Needed Revenue – Forever Stamp Prices Unchanged
Postal Service Files Market Dominant Price Change – Proposes an Additional $0.9 Billion in Annualized Contributions
1/15/2015 – USPS filed notice Jan. 15 with the Postal Regulatory Commission (PRC) of a price increase for Mailing Services products based upon Consumer Price Index (CPI) cap authority.
The filing, if approved, would keep Forever stamps at their current price of 49 cents.
Here are the current and proposed First-Class Mail prices for Mailing Services products:
- Letters (1-ounce): 49 cents (current), 49 cents (proposed)
- Letters additional ounces: 21 cents (current), 22 cents (proposed)
- Letters to all international destinations: $1.15 (current), $1.20 (proposed)
- Postcards: 34 cents (current), 35 cents (proposed)
The Jan. 15 filing is the latest in a series of steps the Postal Service has taken through a comprehensive approach to achieve financial stability.
By growing volume, revenue and contribution, the Postal Service will continue to meet the nation’s mailing and shipping needs into the future. While improving efficiency in streamlining its network and seeking legislative changes, the Postal Service must also address an outdated business model.
In addition to maintaining single-piece stamp prices at 49 cents, the filing addresses the PRC’s concerns about products that don’t cover their own costs and simplifies Special Services to make them easier for customers to use.
Some of the key elements of the proposal include the following:
- Maintains single-piece stamp prices at 49 cents
- Addresses PRC concerns about underwater products
- Simplifies Special Services to reduce redundancy and improve customer ease of use
The filing does not affect Postal Service Shipping products and services and are proposed to become effective on April 26, 2015.
The PRC will review the prices before they are proposed to become effective on April 26, 2015, to determine if prices are consistent with applicable law.
USPS says the increase Proposes an Additional $0.9 Billion in Annualized Contributions
Kevin Wright, if you need to get in touch with a “suit” you must be a “suit”
Because the rest of us have jobs to do.
Goldboy, you obviously haven’t tried to get a hold of someone in a district office. Large numbers of jobs, “suit” jobs have been eliminated, almost too many. It is scary because there is not enough support from those “suits”. But whatever, you probably think you work harder than any of them, and I am talking to the wall.
You can’t run a place with all these “managers” that do nothing.
Coke just got rid of 1800 “suits”
Only then will the PO ever really be trying to succeed.
Only in the disconnected, delusional world of postal mgmt., does higher product prices + decreased service = increased revenue.
These clowns couldn’t run a lemonaide stand.