What will Your Business Save?
The U.S. Postal Service (USPS) is set to reduce First-Class Mail prices on Sunday, April 10, 2016. Yes, you read that right: the rate change is a reduction for the first time in nearly a century! Regardless of the type of mail or sort levels, you will realize average savings of over 4%.
Why now? The reduction comes with the expiration of legislation that imposed an exigent surcharge for mailing products and services for two years. The goal was to help the USPS manage financial challenges mainly due to the recession and declining First-Class mail volumes. The 4.3% exigent surcharge is set to be reversed after the USPS collects additional funds totaling $4.6 billion. They are expected to hit this threshold by April 10, 2016.
How the Rate Reductions Stack Up
FIRST-CLASS MAIL
· Stamp price decreases to 47 cents
· ~4.2% decrease for all First-Class
STANDARD MAIL
· ~4.2% decrease for all Standard Mail
PACKAGE SERVICES
· ~4.2% decrease for all Package Services
· Retain $0.001 IMb barcode discount for BPM Flats
FULL SERVICE
· Full services IMb incentives remain in place
SPECIAL SERVICES
· ~4.2% decrease for Special Services
Note: The cost of sending Certified Mail with Return Receipt will now be $6.47 (compared to $6.74) for a one ounce letter. Consider checking 2-3 day rates with your private carriers to see if they are less money. Or, switch to Electronic Return Receipt which saves $1.35 each.
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