The Postal Service surcharge will apply to commercial and retail parcels from early October through late January.
to relieve $107 billion in past-due and future obligations. The agency relies on the sale of postage products to fund its operations, but Postmaster General Louis DeJoy said Tuesday that the agency was facing a $60 billion to $70 billion shortfall over the next decade without substantial revisions and price hikes.In anticipation of a heavy package volume, the Postal Service said it would look to generate additional revenue to cover extra handling costs.
Retail customers would see increases ranging from 30 cents to more than $6, depending on the weight of the package and the distance it must travel. For example, the cost of flat rate boxes and envelopes sent using priority mail or priority mail express would rise by 95 cents, according to the pricing plan. Heavier packages sent from coast-to-coast using first class package service would cost $5.85 more, the Postal Service said.
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