On April 10th, the 4.3% surcharge is to be reversed. This is after the United States Postal Service (USPS) collected surcharges totaling $4.6 billion.
Postmaster General & CEO Megan Brennan expressed disappointment, noting that the surcharge “only partially alleviated our extreme multi-year revenue declines resulting from the Great Recession, which exceeded $7 billion in 2009 alone….Our current pricing regime is unworkable and should be replaced with a system that provides greater pricing flexibility and better reflects the economic challenges facing the Postal Service.”
The surcharge removal means these First-Class Mail prices will be adjusted to the following:
Current Mandated Reduction
- Letters (1 oz.) 49 cents 47 cents
- Letters additional ounces 22 cents 21 cents
- Letters to all international destinations $1.20 $1.15
- Postcards 35 cents 34 cents
Commercial prices will also decrease. A complete listing of the new prices, effective April 10, is available at www.usps.com.