In a recent announcement, the U.S. Postal Service has notified the Postal Regulatory Commission of upcoming changes to mailing service prices set to be implemented on July 14, 2024. The proposed adjustments, sanctioned by the Postal Service’s governing body, would result in a 5-cent increase for First-Class Mail Forever stamps, elevating the price from 68 cents to 73 cents.
Pending favourable review by the commission, the anticipated modifications would encompass various mailing services products, culminating in an overall price increase of approximately 7.8 percent.
Additionally, the price for each additional ounce in single-piece letters is set to rise from 24 cents to 28 cents. Concurrently, the Postal Service is seeking modifications to the prices of Special Services products, encompassing Certified Mail and money order fees. Notably, Post Office Box rental fees will remain unchanged, and a 10 percent price reduction will be applied to postal insurance for mailed items.
In response to ongoing shifts in the mailing and shipping landscape, these price revisions are deemed necessary to realize the financial stability outlined in the organization’s Delivering for America 10-year plan. Despite these adjustments, USPS prices continue to rank among the most competitive worldwide.
The United States Postal Service operates as an independent federal establishment, mandated to be self-financing while serving every American community through the dependable, secure delivery of mail and packages to 167 million addresses six and often seven days a week. Governed by a bipartisan Board of Governors, the Postal Service is embarking on a 10-year transformation plan, delivering for America, aimed at modernizing the postal network, restoring long-term financial sustainability, enhancing service quality across all mail and shipping categories, and upholding the organization as one of America’s most esteemed and trusted brands.
