Adam Lewenberg, the President of Postal Advocate Inc., has recently posted an article about the anticipated changes in USPS postage rates and how it can affect mailing vendors’ budgets.
For the first time in almost a century, USPS rates are going down on April 10, 2016. An average savings of 4.1% is projected. Some mailing vendors have already started implementing the new rates to ensure systems compliance.
USPS is supposed to align their rates with the Consumer Price Index (which today is in the 0-2% range) however the Postal Regulatory Commission (PRC) has required USPS to reverse the 4.3% exigent surcharge they had approved last January 2014 because USPS is expected to collect the $4.6 billion cap on additional funds by this April. Once this benchmark is reached, the surcharge will be lifted and customers will be saving.
Mail Classes Rate Change and Expected Savings
- First Class Mail – For retail, stamp rates will go down by $.02 for letters, $.04 for flats and $.09 for parcels. Savings is expected to be 4% for every weight break. And for a medium volume mailer using a presort service, the new rate will be $.013 per piece.
- Standard Mail – The expected savings will be between 2.4 – 6.1%, which mailers can use to send out higher volumes that can bring in more sales.
- Special Services – Savings of 0-4.1%. The price of Certified Mail with Return Receipt will now be $6.47 compared to $6.74 for a one ounce letter.
The USPS postal rate change is an advantage for the millions of mailers who will see savings instead of increases for the first time in their lives—a change for the better that will surely be remembered!
Read the original article here:
http://mailingsystemstechnology.com/article-3924-April-10-Price-Change-How-Can-You-Save-Money.html
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