Postal Service Asks Its Regulator to Stop Regulating Its Prices

The Postal Service is looking to replace the middleman that sets the prices for its products, requesting instead that it hold the power to set rates on its own.

The proposal would eliminate the rate cap set by the Postal Regulatory Commission since 2006, put in place to protect USPS customers from the monopoly to which the agency is statutorily entitled for certain products. The Postal Service said the forces of the market — namely continuing mail volume declines — are sufficient to ensure the agency does not unfairly raise prices. Large private sector mailers have argued any entity with a government-protected monopoly cannot be trusted to set its own rates.

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