Photo courtesy of Vectorified.com
MIAMI – The United States Post Office (USPS) has announced slight price increases for mail services which will go into effect July 13.
The price hikes will help offset the profit losses for USPS under the policies of the President Trump administration to reduce financial costs.
According to USPS, it has lost more than $100 billion since 2007, including $9.5 billion in the 12 months ending September 30, 2024.
The new rates include a five-cent increase for First Class Mail Forever stamps from 73 cents to 78 cents.
Some of the changes concern mail preparation and bundling, but customers will also see the USPS get rid of its marketing mail commercial and nonprofit automation basic carrier route categories.
This is because the USPS doesn’t gain any cost savings from these route letter group pricing.
The USPS is also proposing to remove Bound Printed Matter from the market-dominant product list. Flats would move to USPS Marketing Mail, and a new “Heavy Printed Matter” category would be introduced for parcels weighing up to 15 pounds.
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