USPS Submits Proposal for Priority Mail Price Cut
On July 1, the U.S. Postal Service submitted a proposal to the Postal Regulatory Commission (PRC) to reduce prices for Priority Mail. If approved, the reduced rates would go into effect on September 7, 2014.
The pricing reductions would only apply to Commercial Base rates (online postage) and Commercial Plus rates. The price reductions focus on packages weighing between 5 lbs. and 26 lbs. for Commercial Base rates with some of the cost savings being as high as $14.89 per package (20 lb. package, Zone 5). For Commercial Plus rates, the reductions will focus on packages weighing between 3 lbs. and 40 lbs. with cost savings being as high as $10.92 per package (30 lb. package, Zone 4). Regional Rate Box C is also seeing prices lowered for packages traveling from Zone 1 & 2 through Zone 5.
The PRC must review and approve the prices before they become effective on September 7, 2014. More information is available at www.prc.gov.