The state of play: The Postal Service has filed a notice with the Postal Regulatory Commission asking for the new prices to take effect on August 29.
- The PRC announced new rules in November that give the USPS “higher rate authority in pricing,” according to USPS chief financial officer and executive vice president Joseph Corbett. As a result, the agency can continue its annual inflation-based pricing as well as additional rate increases.
The price changes would increase the overall costs of products and services by 6.9% this summer, and first-class mail would jump 6.8%.
The big picture: DeJoy announced the USPS ’10-year “Delivering for America” plan in March, which would reduce post office hours and implement longer first-class delivery windows, The Washington Post reported to the time.
- In response, Democratic lawmakers introduced the DEJOY Act, a bill aimed at blocking planned changes.
What he says : “Over the past 14 years, the Postal Service has had limited pricing power to respond to changing market realities,” DeJoy said in a statement.
What to watch: Broadcast groups are challenging the new rates in the DC Circuit Court of Appeals, according to the Washington Post.