USPS Hikes Package Rates by 8% Due to Fuel Costs
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
USPS Proposes Significant Package Rate Increase to Cover Soaring Fuel Costs: The U.S. Postal Service is seeking an eight percent surcharge on key services like Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select to offset escalating fuel expenses linked to Middle East tensions. The proposed hike, awaiting approval from the Postal Regulatory Commission, would take effect on April 26, 2023, and last until January 17, 2027. First-Class stamps remain unchanged, but package rates are set to rise, with a Priority Mail Flat Rate Envelope increasing from $11.95 to $12.90 and a Priority Mail Express Flat Rate Envelope jumping over $2 to $35.90. The USPS claims this will keep their fuel fees below a third of what UPS or FedEx charge, positioning them as the budget shipping king.
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