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Dejoy usps changes1/21/2024 ![]() The commission allowed for the higher increases in 2020 and DeJoy has tapped into the authority on nearly every allowable occasion, calling them a key part of his plan to allow USPS to find firmer financial footing. The USPS board of governors has signed off on the price hike, but it must still receive final approval from the Postal Regulatory Commission. USPS Regulator Throws Cold Water on Lawmakers' Concerns Over DeJoy's Authority for Big Price Hikes USPS Is Losing a Lot More Money in 2023 Than It Expected Postal Service remain among the most affordable in the world.” “As operating expenses fueled by inflation continue to rise and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan,” USPS said. The Postal Service will also increase rates for packages and marketing mail by 5.4%. USPS said the change was necessary to keep pace with inflation, though DeJoy has previously suggested the increases would continue to allow the Postal Service to reach a financial break-even point. The hike is the full amount authorized under the mailing agency’s rate-setting authority and would mark the latest of several significant increases under Postmaster General Louis DeJoy. Postal Service plans to increase the price of a stamp to $0.66 in July, part of a 5.4% overall increase from current First-Class mail rates. ![]()
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