Latest News and Highlights  

Postal Regulatory Commission Approves Market Dominant Price Increase On November 28th, the Postal Regulatory Commission (PRC) approved the changes to rates for Market Dominant Products proposed by the Postal Service. The new rates will take effect on January 22, 2023. 

U.S. Postal Service Proposed Competitive Price Increase On November 10th, the U.S. Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes for Shipping Services to take effect Jan. 22, 2023. There is no price increase for Parcel Select Ground or USPS Connect Local.  USPS is proposing reduced pricing for some Retail Priority Mail Flat-Rate products below the temporary price currently in place and the Priority Mail Commercial rate to increase by 3.6 percent. Overall, Priority Mail service prices would increase approximately 5.5 percent, Priority Mail Express service prices would increase by 6.6 percent, and First-Class Package Service prices would increase by 7.8 percent. The PRC will review the prices before they are scheduled to take effect.

Roman Martinez IV Re-Elected Chairman of the Postal Service Board of Governors During the November 10th Meeting of the U.S. Postal Service Board of Governors, Roman Martinez IV was unanimously re-elected by his fellow Governors to continue to serve as chairman of the Board of Governors. The Governors also unanimously re-elected Anton G. Hajjar to continue to serve as vice chairman. Martinez has served on the Board of Governors since August 2019, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires Dec. 8, 2024.  Hajjar has served on the Board of Governors since May 2021, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires on Dec. 8, 2023. Bios of all the governors are available at: about.usps.com/who/leadership/board-governors/.

U.S. Postal Service Reports Fiscal Year 2022 Results On November 10th, the USPS announced its financial results for the 2022 fiscal year ended September 30. The Postal Service had an adjusted loss of $473 million for the year, compared to adjusted income of $1.5 billion for the same period last year.  On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $56.0 billion for the year, compared to a net loss of $4.9 billion for the same period last year, due almost exclusively to the one-time, non-cash impact of the PSRA. The Postal Service's operating revenue was $78.5 billion for the year, an increase of $1.5 billion, or 1.9 percent, despite a volume decline of 1.6 billion pieces, or 1.2 percent, compared to the same period last year.

U.S. Postal Service Announces New Prices for 2023 On Friday, October 7, the Postal Service filed notice with the Postal Regulatory Commission (PRC) that it will raise market dominant rates effective January 22, 2023. Overall, rates for Market Dominant products will increase by 4.2 percent with individual classes affected as indicated below:

  • First-Class Mail - 4.2 %
  • USPS Marketing Mail - 4.203 %
  • Periodicals - 4.2 %
  • Package Services - 4.197 %
  • Special Services - 4.198 %

The price for 1-ounce metered mail will increase to 60 cents, and the price to send a domestic postcard will increase to 48 cents. A 1-ounce letter mailed to another country would increase to $1.45. There will be no change to the single-piece letter and flat additional-ounce price, which remains at 24 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item.

U.S. Postal Service Announces Proposed Temporary Rate Adjustments for 2022 Peak Holiday Season The United States Postal Service filed notice on August 10th with the Postal Regulatory Commission (PRC) regarding a temporary price adjustment for key package products for the 2022 peak holiday season. This temporary rate adjustment is similar to ones in past years that help cover extra handling costs to ensure a successful peak season.  The planned peak-season pricing, which was approved by the Governors of the Postal Service on Aug. 9, would affect prices on the following commercial and retail domestic competitive parcels: Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select and USPS Retail Ground. International products would be unaffected. Pending favorable review by the PRC, the temporary rates would go into effect at 12 a.m. Central on Oct. 2, and remain in place until 12 a.m. Central Jan. 22, 2023.