US POSTAL SERVICE RATE CHANGES GREEN LIT FOR MAY 31
Regulators in the United States have finally approved price changes for all of the US Postal Service’s monopoly mail services.
USPS had proposed a near-2% increase in its market dominant service rates back in January, but the Postal Regulatory Commission sent back proposals for Standard Mail, Periodicals and Package Services for revision.
Yesterday (May 7, 2015), the President and Congressionally appointed Commission approved the price changes, which are now due to take effect from the end of this month (May 31, 2015).
The Postal Service had delayed increases to prices for First Class Mail and Special Services, which had been approved by the Commission, so that all price changes would take place at the same time. It means these services will also see rate increases at the end of this month.