Patrick T. Fallon/AFP via Getty Images
If you plan to send packages through the US Postal Service this holiday season, be prepared to pay a little extra postage. The agency announced plans for a temporary price increase during the peak holiday season on Thursdays.
“This temporary rate adjustment is similar to those in previous years that help cover additional handling costs to ensure a successful peak season,” the statement said.
If you get the expected approval from the Postal Regulatory Commission, the temporary rates will go into effect on October 2 and run until January 22, 2023.
Domestic commercial and retail shippers will be affected. Prices for packages shipped via Priority Mail Express and Priority Mail could increase by 25 cents to over $6.
Those using First Class Parcel Service, Parcel Select, and USPS Retail Ground can also expect to pay more to ship their packages.
The Post Office said the temporary price increase will keep the agency competitive with other shippers, many of whom typically add surcharges during peak seasons and help cover anticipated additional costs during peak shipping seasons. holidays.
Similar price increases were instituted last year during the peak holiday season as well. Both are part of the agency’s 10-year plan, Delivering for America, which aims to make the organization “self-sufficient and successful.”
Earlier this year, the Postal Service Reform Act came into effect. The main purpose of the legislation was to help the agency stabilize its finances, which had been weighed down by the payment of mandatory benefits.
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