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Yahoo
a day ago
- Business
- Yahoo
When is the price of stamps going up? What to know about USPS cost spike
Sending mail soon? You may want to stock up on stamps. The United States Postal Service appears to be on track to raise the first-class Forever Stamp price as well as for other products in just over two weeks, a spokesperson for the federal agency confirmed to USA TODAY on June 26. The move still under consideration this week by the agency's oversight board, who ultimately makes the decision. The stamp price is slated to rise July 13, USPS Senior Public Relationship Representative Marti Johnson told USA TODAY. The Postal Regulatory Commission (PRC), the federal agency that oversees the postal service, has been weighing approving a 5-cent spike on the stamp, according to a news release last month. "The Postal Service continues to take a rational and realistic approach to pricing that includes prudent implementation of new and existing pricing authorities, with letter prices still significantly lower than other comparable foreign posts," Johnson said. The postal service did not say what date the PRC's deadline is to make its decision. USA TODAY has reached out to the PRC for comment. National Park mass expansion: Big Bend may soon add 6,000 more acres The USPS said in an April news release that the upcoming slated price adjustments "are needed to achieve the financial stability sought by the organization's Delivering for America 10-year plan," adding its prices "remain among the most affordable in the world." Changes would increase mailing service product prices by 7.4%, the USPS wrote in the release. The USPS stamp price is slated to increase on July 13, 2025. Forever Stamp price could rise from 73 cents to 78 cents, the USPS reported. Over 70,000 BMW vehicles recalled: See impacted models In addition to the Forever Stamp price jump, other USPS products proposed price increases include: Domestic postcards: 56 cents to 62 cents Letters: 69 cents to 74 cents Letters (1 ounce): 73 cents to 78 cents Additional-ounce price for single letters: 28 cents to 29 cents; International postcards: $1.65 to $1.70; International letter (1 ounce) – $1.65 to $1.70 Contributing: USA TODAY's Saleen Martin Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund. This article originally appeared on USA TODAY: When will cost of USPS stamps increase?
Yahoo
a day ago
- Business
- Yahoo
Cost of stamps increasing July 13: See USPS's new prices
It's your last chance to get a 73 cent Forever stamp, because stamp prices are going up, again. The United States Postal Service (USPS) will be raising the first-class Forever stamp price, as well as other products, on Sunday, July 13, USPS Senior Public Relations Representative Marti Johnson confirmed on Saturday, July 12. "The Postal Service's Market Dominant and Competitive Services price increases take effect this weekend," Johnson said. The Postal Regulatory Commission (PRC), the federal agency that oversees the postal service, had been weighing approving a 5-cent spike on the stamp, according to a news release in May. The price increase has since been approved by the commission, according to Johnson. "The Postal Service continues to take a rational and realistic approach to pricing that includes prudent implementation of new and existing pricing authorities, with letter prices still significantly lower than other comparable foreign posts," Johnson previously told USA TODAY. In an April news release, USPS said the price adjustments are "needed to achieve the financial stability sought by the organization's Delivering for America 10-year plan," adding its prices "remain among the most affordable in the world." The changes are expected to increase mailing service product prices by 7.4%, the USPS wrote in the release. The USPS stamp price will increase on July 13, 2025. The price of Forever stamps will rise from 73 cents to 78 cents, the USPS said. In addition to the Forever stamp price jump, other USPS product price increases include: Domestic postcards: 56 cents to 62 cents Letters: 69 cents to 74 cents Letters (1 ounce): 73 cents to 78 cents Additional ounce price for single letters: 28 cents to 29 cents International postcards: $1.65 to $1.70 International letter (1 ounce): $1.65 to $1.70 Contributing: USA TODAY's Saleen Martin This article originally appeared on USA TODAY: USPS's stamp price increase goes into effect July 13
USA Today
14-04-2025
- Business
- USA Today
USPS seeks to raise the price of a Forever stamp to 78 cents: Here's when it could happen
USPS seeks to raise the price of a Forever stamp to 78 cents: Here's when it could happen Show Caption Hide Caption What to know about cost-cutting changes to USPS The U.S. Postal Service is undergoing changes to increase efficiency and cut costs. Here's how it could impact you. The U.S. Postal Service proposed a handful of price increases last week, including a 5-cent increase for Forever Stamps, that could into effect this summer. The changes would begin on July 13 if approved by the Postal Regulatory Commission (PRC), the federal agency that oversees the postal service. Changes would increase mailing service product prices by 7.4%, the postal service said in a news release. The full list of proposed price increases includes: First-Class Mail Forever stamp – 73 cents to 78 cents Additional-ounce price for single-piece letters – 28 cents to 29 cents Domestic postcards – 56 cents to 62 cents Letters (metered 1 ounce) – 69 cents to 74 cents Letters (1 ounce) – 73 cents to 78 cents International postcards – $1.65 to $1.70 International letter (1 ounce) – $1.65 to $1.70 According to the postal service, postal insurance would be reduced by 12%. 'As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization's Delivering for America 10-year plan. USPS prices remain among the most affordable in the world,' the postal service said in the news release. Price increases are due in part to proposals to eliminate marketing and bulk services The increases are also an attempt to eliminate bound printed matter, or the postal service's program for permanently bound sheets where at least 90% are printed with advertising, editorial, or promotional mail. There is also a proposal to eliminate marketing mail, or the postal service's bulk mail service that allows businesses to send large volumes of advertising and promotional materials. The eliminations still need to be approved by the Postal Regulatory Commission, the postal service said. Postal service says 10-year plan will save $36 billion in 10 years The price increases are just a few of the changes the postal service has undergone recently. The postal service has also been impacted by President Donald Trump's federal cost-cutting efforts, led by the Department of Government Efficiency. Changes that went into effect this month are part of a 10-year 'Delivering for America" plan that includes cutting jobs, electric delivery trucks to replace current trucks that continuously break down, and slower delivery for some rural customers. The postal service has also announced service changes that it claims will save the agency $36 billion over a decade. Most mail will be delivered in the same amount of time, while others may take a slightly slower or faster delivery time, the postal service said on its website. "For First-Class Mail, the current service standard day range of 1-5 days is staying the same, while the day ranges for end-to-end Marketing Mail, Periodicals, and Package Services are being shortened," the postal service announced. USPS changes to mail delivery: What we know about faster and slower deliveries How have mailing costs increased over time? One popular product impacted by the increases are Forever Stamps, which the postal service first issued in April 2007. The stamp has no expiration date and was introduced to make the transition from one stamp cost to the next a much smoother process, the postal service said. In 2007, the stamp cost 41 cents. If the increases are approved, the stamps will be sold for 78 cents – a 90.24% increase in 18 years. The postal service's current prices went into effect on January 19, the agency said on its website. Changes included both reductions and increases. Rates for priority mail, for example, dropped by 5.7%, with some decreasing up to $10.50. The priority mail flat rate also decreased by about 1.7% beginning in January. A full list of the changes going into effect in July can be found at Contributing: Trevor Hughes, Claire Grant, Eric Lagatta, and Mike Snider Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@
Yahoo
10-04-2025
- Business
- Yahoo
US Postal Service seeks letter price raise to 78 cents
Sending a domestic letter through the post office could cost 78 cents starting July 13, 5 cents more than the price of a first-class mail stamp today, if the Postal Regulatory Commission approves proposed adjustments for mailing services filed Wednesday. The U.S. Postal Service said it notified the commission of plans to raise letter and postcard rates an average of 7.4%. A domestic postcard will cost 62 cents, up from the current 56 cents, while the price for sending an international postcard will increase by a nickel to $1.70. Rate changes apply to single-piece and metered mail. Single-piece letters weighing more than an ounce will increase a penny to 29 cents for each additional ounce. The Postal Service is also seeking price adjustments for its Special Services products. Notably, the Postal Service will apply a price reduction of 12% for postal insurance when mailing an item. The quasicommercial agency said the price changes are needed to help achieve financial stability as it implements operational changes in a changing market to save money. Postal Service prices remain among the most affordable in the world, it said. Following a directive from the commission, the Postal Service also filed two sets of prices for marketing mail and package services products. While only one set of rates will go into effect on July 13, these prices address the pending proposal to eliminate bound printed matter and expand marketing mail, pending the commission's approval. The agency said it will provide more details on those changes in the future. During the first quarter of fiscal year 2025, the organization narrowed its net loss to $140 million. It generated about $150 million in operating profit versus a $2 billion loss for the same period in the prior year. Under a restructuring plan called Delivering for America, the Postal Service has reduced billions of dollars in costs by adjusting the logistics network to integrate delivery of mail and package categories and shift more air transportation to ground, and it has created new products, adjusted rates and persuaded Congress to repeal a requirement that the Postal Service prepay health plans for retirees. The architect of the plan, Postmaster General Louis DeJoy, abruptly left office last month. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Postmaster General Louis DeJoy announces sudden departure The post US Postal Service seeks letter price raise to 78 cents appeared first on FreightWaves.
