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The U.S. Postal Service plans to hikes rates in January as a hedge against a projected $1 billion inflationary hit on 2022 operating costs, as the USPS reported a $459 million third-quarter loss, which excluded a $2.15 billion impact from reform legislation addressing prefunded retiree healthcare.
The USPS also announced peak season surcharges on commercial and retail rates from Oct. 2 to Jan. 22, including a 75-cent increase in the commercial rate for Priority Mail and Priority Mail Express flat-rate boxes and envelopes. Zone-based increases range from 25 cents in zones 1-4 up to 10 lbs., to $6.50 for zones 5-9 between 26-70 lbs.
