USPS Rate Expired Sunday

As reported by Target Marketing Magazine:

Last Sunday, the 4.3 percent exigent surcharge USPS is billing postal customers expired. That means prices went down on Sunday, as the keep the emergency rate the Postal Regulatory Commission allowed because of USPS losses during the Great Recession lapsed.

That has at least one marketing vendor so excited. Pitney Bowes created an area on its site called “Pitney Bowes Rate Change Central.” One of its blog posts starts with this sentence: “You read that correctly: this April the U.S. Postal Service will be reducing postage rates for Mailing Services products, including First Class mail, Standard Mail and Periodicals.”

Here’s a snapshot from USPS regarding price reductions:

The postal service had issued a statement in February expressing concern about losing the emergency rates and being required to, for instance, lower the cost of a First Class stamp to 47 cents from 49 cents. The press release said Congress or courts could step in.

“This mandatory action will worsen the postal service’s financial condition by reducing revenue and increasing its net losses by approximately $2 billion per year,” USPS warns.

Ken Wood is the founder of LJM Consultants. LJM helps clients negotiate “Best in Class” UPS/FedEx agreements. LJM was recently named the “best parcel auditing company in America” and was also inducted into Inc. Magazine’s Top 500/5000 fastest growing companies in America for 2013. To learn how LJM Consultants can help your company get the parcel contract you deserve, call 631-844-9500 or email kenwood@myLJM.com.