U.S. Postal Service to Increase Commercial Parcel Prices Starting October 18

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The US Postal Service (USPS) announced Friday that it plans a temporary price increase on all competitive domestic commercial plans, starting October 18. The price increase, which was approved by Postal Service Governors last week, is in response to increased spending and “increased demand” for e-commerce package volume amid the COVID-19 pandemic, as well. than e-commerce planned for the holidays. The price increase will take effect at 1:00 a.m. (Eastern Time) on October 18 and will remain in effect until 1:00 a.m. on December 27. The increases will apply to packages shipped via Priority Mail Express, Priority Mail, First-Class Package Service, Parcel Select and Parcel Service return. Among the planned increases, rates for Parcel Select Ground, which currently starts at $ 6.92, will increase by 40 cents; Priority Mail Express Commercial, which currently starts at $ 22.75, will increase by $ 1.50; and Parcel Select Lightweight, which currently starts at $ 1.81, will increase by 24 cents. The news comes after United Parcel Service Inc. UPS,
+ 1,23%
said last week it plans to impose new surcharges on large shippers over the holiday season, to offset the additional costs of preparing for a surge in online orders.

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