Postal Service Looks to Institute Holiday Surcharge as It Fights to Preserve Permanent Price Hike
The U.S. Postal Service is looking to temporarily raise its prices for a period of nearly three months later this year, seeking to boost revenue during the busy holiday season.
USPS asked the Postal Regulatory Commission to approve a rate increase of between $0.25 and $5.00 per package, depending on the product and its weight. The mailing agency implemented similar price spikes during the 2020 holidays, with two key differences: First, USPS began the increased rate period more than two weeks later last year; and second, it did not previously impact retail mailers. This year, the higher prices would be in effect from Oct. 3 through Dec. 26 and would affect both individuals and commercial entities using the mail system.