By Mark Keefe, President
SAN FRANCISCO – Rates for Priority Mail packages shipped via the U.S. Postal Service will go up on average 9.8% on Jan. 17, a move that comes at the same time that private delivery services are also raising rates.
Within the last month, UPS Ground service rates increased on average 4.9% and FedEx by 4.9%. In addition to the Priority Mail rate hike, the Priority Mail Express prices will rise on average 14.4%, says USPS. “This is the first price increase in more than three years. Calculated over that three year period, overall the price change averages out to 3.3% per year,” said USPS spokesman Roy Betts.
The price of a one-ounce, First Class letter, currently at 49 cents, will remain the same.
The USPS rise will mostly affect small businesses and some consumers who use the post office’s shipping service.