USPS Proposes Nearly 2% Price Increase for Its Monopoly Services for Business Customers

The Postal Service told customers yesterday that the 1.966 percent rate increase, restricted by its annual price cap to the rate of inflation, would bring in about $900 million in additional revenue including $400 million in the 2015 financial year. The federal agency generated $67.8 billion total revenue in 2014.

The rate rise does include the surcharge USPS has been applying to counter the financial impacts of the 2008-09 recession on its services, as permitted by the Postal Regulatory Commission.

If the regulator approves the price increase, it is scheduled to take effect from April 26, 2015.