USPS Pushes Forward with Exigent Increase Request

WASHINGTON, DC—The U.S. Postal Service (USPS), rebuffed by the Postal Regulatory Commission (PRC) in a motion to stay its request for exigent price relief until Dec. 15, has proceeded with the case.

Given Congressional movement toward a possible solution that could provide a plan for the USPS, preserving it as an ongoing concern, the Postal Service had hoped to take a wait-and-see approach before proceeding with the request for a an increase above the rate of inflation. The USPS could theoretically withdraw the request should Congress pass legislation that provides relief.

However, given the lack of a guarantee for legislative relief and fresh off of a $10 billion loss for the latest fiscal year, the Postal Service felt it needed to proceed with the 5.6 request.

The USPS announced new mailing services prices last month and will announce new shipping services prices later this month. The new rates will be effective next Jan. 22.