![]() The measure would eliminate a pre-funding requirement for Postal Service retirees that has hamstrung the financially strapped agency, as well as integrate retirees’ health care with Medicare - measures that lawmakers argued would alone create more than $45 billion in savings for the Postal Service over the next 10 years. Last week, a bipartisan group of senators introduced legislation that would overhaul the USPS after the struggling agency made repeated requests to Congress to help its dire financial situation. Over the same period, First-Class Mail volume has dropped 32 percent, and single piece First-Class Mail volume - including letters bearing postage stamps - has declined 47 percent.” “In the past 10 years, mail volume has declined by 46 billion pieces, or 28 percent, and is continuing to decline. For ideas on new or existing Promotions, please fill out this form. 2022 Promotions Calendar New users can sign up for the 2022 Promotions at the Business Customer Gateway. “First-Class Mail prices would increase by 6.8 percent to offset declining revenue due to First-Class Mail volume declines,” the release states. The 2022 USPS Mailing Promotions seek to increase engagement and response rates for Mailers by leveraging high value mailpieces. ![]() The price increase, which would take effect on August 29 if approved by the Postal Regulatory Commission, comes in response to lagging mail volume, according to an agency news release. Mailing a letter cost 49 cents in 2017, 50 cents in 2018 and 55 cents in 2019, which is still the current price, according to USPS data. Stamp prices have been steadily rising, with greater increases over the past several years. “As part of our 10-year plan to achieve financial sustainability and service excellence, the Postal Service and the Board of Governors are committed to judiciously implementing a rational pricing approach that helps enable us to remain viable and competitive and offer reliable postal services that are among the most affordable in the world.”
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