The USPS Is Increasing Prices July 9th, 2023
The United States Postal Service (USPS) has announced that they will be increasing prices on various mailing services starting on July 9th, 2023. The new prices are part of the USPS’s efforts to maintain financial sustainability while continuing to provide reliable mail services to customers across the country.
What is changing?
The USPS is increasing prices on several mailing services, including First-Class Mail, postcards, and more. The price increase will vary depending on the type of service and the size and weight of the mailpiece. Check out the chart below for price changes by product.
|Product||Current Prices||Planned Prices|
|Letters (1 oz.)||63 cents||66 cents|
|Letters (metered 1 oz.)||60 cents||63 cents|
|Domestic Postcards||48 cents||51 cents|
|International Letter (1 oz.)||$1.45||$1.50|
Why is this happening?
The USPS has been facing financial challenges for several years, with declining mail volumes and increased competition from digital communication channels. The COVID-19 pandemic has further exacerbated these challenges, as the USPS experienced a significant increase in package volume but a decrease in revenue from mail services. The price increase is an attempt to offset some of these losses and keep the USPS financially sustainable.
How will this impact businesses?
For businesses that rely on USPS services, the price increase may result in higher mailing costs. Small businesses that send out a significant amount of mail may feel the impact more than larger businesses. Businesses can explore alternative options to save on costs, such as using other shipping providers or digital communication channels whenever possible. It is essential for businesses to evaluate their mailing strategies and make any necessary adjustments before the price increase takes effect.
When will this take effect?
The new USPS prices will take effect on July 9th, 2023. Businesses should start preparing for the price increase by reviewing their mailing strategies and making any necessary adjustments before the deadline.
In conclusion, the upcoming USPS price increase may impact businesses that rely on mailing services. But don’t worry, at Switch we have you covered. Our software automatically updates with USPS price increases to make sure there’s no interruption in your mail delivery needs. If you’re not a current user, try Switch today!