USPS July 2024 Rates - Parcel Select Increase; No Change For Ground Advantage, Priority & Express
USPS has filed notice with the Postal Regulatory Commission requesting to increase rates for Parcel Select service an average of 25%, effective July 14 - but good news for shippers, there will be no changes to Ground Advantage, Priority Mail or Priority Mail Express rates at this time!
Today, the U.S, Postal Service filed notice with the Postal Regulatory Commission (PRC) for Parcel Select price changes to take effect July 14, 2024. The proposed adjustments were approved by the Postal Service Governors this week.
If favorably reviewed by the Commission, the new rates include an average 25-percent increase for Parcel Select service. Parcel Select is a shipping solution for high volume shippers to enter packages for regional delivery through the U.S. Postal Service’s network...
...The Postal Service continues to offer USPS Ground Advantage – a ground shipping solution that provides a simple, reliable, and affordable way to ship packages across the continental U.S. with 2-5 day certain delivery based on distance. USPS Ground Advantage offers $100 insurance included in the price, as well as free pickup on the carrier’s route. No price increases are being proposed for USPS Ground Advantage.
Keep in mind, this announcement is only for what the Post Office calls Competitive products - rate changes for Market Dominant products like Media Mail were already announced last month.
Liz Morton
While the USPS press release says Parcel Select rates are increasing on average 25% - watch out for those smaller packages as under 1 lb prices are going up significantly more!
Value Added Resource has compiled the following side by side comparison for Parcel Select rates using data provided by USPS for informational purposes - check with your post office to confirm rates.
Concerned
