|Tue Nov 7 2017 21:22:08|
PRC Approves USPS 2018 Postage Rate Hike
By: Ina Steiner
It's official - it will cost more to mail certain packages through the US Postal Service beginning in January. The Postal Regulatory Commission approved the USPS request, filed on October 6th.
The cost of Priority Mail rates will go up by an average of 3.9% on January 21, 2018. However, that's the average of retail and commercial rates combined. Sellers who use online postage to print shipping labels (commercial) could see prices increase about 6 percent on average.
New rates also include a one cent increase in the price of a First-Class Mail Forever stamp from 49 cents to 50 cents.
eBay fees will go up in January as a result of the change since it takes a commission on shipping costs in addition to the value of the item sold. (That's true even in cases where sellers offer "free" shipping as eBay urges sellers to do, since those sellers must build shipping costs into the price of the item.)
FedEx is also raising its rates next year by an average of 4.9%, effective January 1, 2018, while UPS will raise rates by an average of 4.9% on next month, on December 24, 2017.
You can find the new USPS rates in the PRC filing on this page
(beginning on p. 9 of the PDF document).