USPS Proposed Rate Increase
In a May 28 announcement, USPS published a 2021 rate increase citing an average overall raise of 6.9% for the organization’s main services. The proposal is to have these rates increase beginning August 29, 2021 as part of a 10-year plan for the organization to achieve financial sustainability and service excellence. USPS still provides one of the world’s most affordable shipping rates.
The statement reads, “First-Class Mail prices would increase by 6.8% to offset declining revenue due to First-Class Mail volume declines. In the past 10 years, mail volume has declined by 46 billion pieces, or 28%, and is continuing to decline. Over the same period, First-Class Mail volume has dropped 32%, and single piece First-Class Mail volume — including letters bearing postage stamps — has declined 47%.”