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Postal Envelopes

Breaking News – USPS Files 2017 Rates

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Hot off the presses!

On Wednesday October 12, 2016, the US Postal Service, as expected, filed their 2017 rate increase request with the Postal Regulatory Commission (PRC).  The complete report consists of over 200 pages, so to spare our readers of the pain of going through a document of that size, we decided to provide you with a few key points included in the report.

  • The US Postal Service plans to implement these price changes on January,22, 2017, obviously only if they are approved by the PRC.
  • First Class-Mail will be going back up to $0.49, which was the rate prior to USPS’ $0.02 reduction by removing a surcharge.
  • The new rates, if approved will include a single price for First-Class Mail Commercial Presort letters weighing up to 3.5 ounces and a reduction in the one ounce meter price to $0.46.
  • Standard Mail is being rebranded as USPS Marketing Mail to better align the product name with the customer’s use of this mail class.
  • Proposed changes for Marketing Mail include removing the Flats Sequencing System (FSS) pricing which apparently was a concern to mailers.
  • Other changes include increasing the piece pound breakpoint from 3.3 to 4.0 ounces for Marketing Mail Flats.
  • The increase request did not include price changes for Postcards, letters being mailed to international destinations, or for additional ounces for Single Piece Letters.
USPS’ Upcoming Price Change

USPS’ Upcoming Price Change – Are Prices Really Going Down?

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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