Postal Service Governors Settle on Regulations for Future Price Adjustments
The Postal Service Governors announced yesterday that future price adjustments will be made using new regulations issued by the Postal Regulatory Commission (PRC) on Oct. 29. Future price increases will be capped at the rate of inflation for mailing services.
The Governors actually had the option of filing one final rate case under the old regulations, in place since 1971, but instead voted to proceed with the new pricing regulations.
“We thank the PRC for completing the new rule eight months ahead of the statutory deadline,” says Postmaster General John E. Potter. “This delivers one of the main goals of the new law for business mailers—a predictable price schedule.”
The new pricing regulations give the Postal Service added flexibility for shipping services. “We intend to use this new flexibility to grow our competitive business offering volume discounts and contract pricing,” said Potter.