On Friday, Nov. 15, 2024, the United States Postal Service (USPS) filed notice with the Postal Regulatory Commission (PRC) for price increases on Competitive shipping services that would take effect on Sunday, Jan. 19, 2025.
This measure would raise shipping prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage and 9.2 percent for Parcel Select. These changes to Competitive products come on the heels of September’s announcement that the USPS would not seek price increases on Market Dominant products in January.
These price increases are part of an effort by the USPS to remain competitive in consideration of market conditions while still providing consistent service across the United States. On their website, the USPS wrote: “As a strategic part of the Delivering for America 10-year plan, the proposed shipping services price changes will support the Postal Service in creating a revitalized organization capable of achieving the organization’s public service mission — providing a nationwide, integrated network for the delivery of mail and packages at least six days a week — in a cost effective and financially sustainable manner over the long term.”
These proposed changes will be reviewed by the PRC before they are scheduled to take effect.