USPS Seeks 11% Fuel Surcharge for Domestic Priority Mail and Package Deliveries
The United States Postal Service (USPS) has requested approval from the Postal Regulatory Commission to implement an 11% fuel surcharge on domestic priority mail and package deliveries starting in January. This proposed increase follows a temporary 8% surcharge that was introduced in April, as the agency struggles to manage escalating transportation expenses. The move comes after USPS reported that higher fuel costs added $225 million to its transportation expenses during the 12-month period ending September 30. While package and priority mail rates are targeted for this hike, the agency stated it does not plan to increase the price of first-class stamps in January.
Tickers: $USPS
Topics: fuel costs postal services price increase