the US Postal Service (USPS) has proposed adding surcharges for fuel and other transportation costs to some of its products for shipping packages.
The proposal Price change It will add 8% to basic postage rates Express mail priority, Priority mail, USPS Ground Advantage and Identify parcelsThe organization said on Wednesday (March 25): press release. It will run from April 26 until January 17, 2027.
The proposal is subject to review by Postal Regulatory Committee (People’s Republic of China), according to the statement.
USPS said in the statement that the price change would align transportation costs with the market and help it cover the actual costs of doing business, as required by Congress.
Although this change will be time-limited, USPS may adopt a permanent mechanism to make its prices reflect market conditions, she added.
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“Transportation costs have increased, and our competitors have responded with a number of additional charges,” USPS said in the statement. “We have steadfastly avoided surcharges and these fees are less than a third of what our competitors charge for fuel alone, so even with this change, the Postal Service continues to offer great value in shipping with some of the lowest rates in the industrialized world.”
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Postmaster General and CEO David Steiner He told a congressional committee on March 17 that inflation continues to affect the prices of goods and services, including transportation.
“Even as inflation moderates, it continues to contribute to higher compensation expenses, higher workers’ compensation costs, and higher operating expenses,” Steiner said in a report. statement Submitted to the committee.
This increase, FedEx said during its earnings statement on Thursday (March 19). Fuel prices Among the overall challenges the company faces.
The Wall Street Journal I mentioned Wednesday announced that the USPS’ proposed fuel surcharge would be the first ever imposed by the organization.
FedEx, UPS and other package carriers have charged fuel surcharges, surcharges and other fees for years, the report added.
Wall Street Journal I mentioned On Friday (March 20), FedEx and UPS updated their fuel surcharges each week, and that during the first weeks of March, these surcharges amounted to up to 26% of the total shipping cost.
