USPS requests commercial parcel rate increases

USPS has notified the Postal Regulatory Commission (PRC) it plans to temporarily increase prices for commercial domestic parcel products, starting Oct. 18.

Retail prices for parcel products are unaffected.

The planned commercial price increases for Priority Mail Express, Priority Mail, First-Class Package Service (FCPS) and Commercial Parcel Select will take effect Oct. 18 at 12 a.m. Central time and continue until Dec. 27 at 12 a.m. Central time. After that, prices would revert to 2020 prices.

The planned price increases were approved by the USPS Board of Governors on Aug. 6. The PRC will review the prices before they take effect.

Here are the current prices and planned price increases:

Parcel Select Destination Entry DDU: starts at $3.19 (current), 24 cents (planned increase)
Parcel Return Service: starts at $3.05 (current), 24 cents (planned increase)
Parcel Select Lightweight: starts at $1.81 (current), 24 cents (planned increase)
FCPS Commercial: starts at $2.74 (current), 25 cents (planned increase)
Priority Mail Commercial: starts at $7.02 (current), 40 cents (planned increase)
Parcel Select Ground: starts at $6.92 (current), 40 cents (planned increase)
Parcel Select DSCF: starts at $4.37 (current), 40 cents (planned increase)
Parcel Select DNDC: starts at $5.98 (current), 40 cents (planned increase)
Priority Mail Express Commercial: starts at $22.75 (current), $1.50 (planned increase)

The planned temporary price adjustments are in response to heightened package volume due to the coronavirus pandemic, as well as expected increases in online shopping during the holidays.

The Postal Service’s Postal Explorer website has the price change tables.

CONTINUE READING AT » USPS News Link
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