USPS Seeks 11% Price Hike for Priority Mail

The United States Postal Service is seeking approval from the Postal Regulatory Commission to implement an 11% price increase for domestic priority mail and package deliveries beginning in January. The agency intends for the hike to offset rising fuel costs, which added $225 million to transportation expenses during the 12 months ending September 30.

If approved, this new rate would replace a temporary 8% surcharge that the agency imposed in April. The USPS does not plan to increase the price of first-class stamps in January, as it recently raised the price from 78 to 82 cents in July.