US Postal Service is planning to raise first class rates in 2011

January 14th, 2011 - 9:12 pm ICT by Aishwarya Bhatt  

New York, Jan 14 (THAINDIAN NEWS) The US Postal Service is seeking to raise its first class rates for 2011.

Subsequently, the service has petitioned the Postal Regulatory Commission to allow the new rates which will take effect from April 17 if it is approved.

Under the proposed new rate, the rate of standard flats will rise by 0.8 percent. The carrier route flats will also go up by 1.4 percent with the cost of high-density flats going up by 0.4 percent. The postal service is seeking to increase the rate of first class flats by 5.3 percent. First class parcels will also go up by 3.8 percent.

USPS is proposing that the rate of standard mail should go p by 1.8 percent with first class international rate expected to rise by 4 percent.

The officials of the USPS explained that the rates which are way within the inflation cap will allow the service to generate about $340 million in revenue within the remaining fiscal year. The USPS fiscal year ends on the 30th day of September.

USPS initially made the application to the PRC in September but that application was rejected by the PRC. However the service made the application again.

Related Stories

Tags: , , , , , , , , ,

Posted in World News |