Have you heard about the U.S. Postal Service (USPS) temporary price increase?
According to the USPS website, the temporary price change will take effect Oct. 18, 2020, if approved by the Postal Regulatory Commission.
The planned temporary price adjustments are in response to increased expenses and heightened demand for online shopping package volume due to the coronavirus pandemic and expected holiday ecommerce.
As a result of these changing market conditions, the Postal Service is planning a time-limited price increase on all commercial domestic competitive package volume from Oct. 18 until Dec. 27, 2020. Retail prices and international products will be unaffected.
The planned price increase would go into effect at 12 a.m. Central on Oct.18, and remain in place until 12 a.m. Central Dec. 27, 2020.
The planned prices, approved by the Governors of the Postal Service on Aug. 6, would raise prices on its commercial domestic competitive parcels – Priority Mail Express, Priority Mail, First-Class Package Service, Parcel Select, and Parcel Return Service.
Read more from the postal service.
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