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In May 2007, the United States Postal Service (USPS) adopted dimensional weight, calling it "Shape Based Postage Pricing". This rate system is designed to charge more for lightweight items, and also to recover costs involving manual sorting and handling, since many postal machines are built to handle flats.
On September 25, 2013, the USPS announced a 3-cent increase in the First Class postal rate, effective January 26, 2014, increasing the price of a stamp to 49 cents. Bulk mail, periodicals, and package service rates were also increased by 6 percent. A loss of US$5 billion during the 2013 fiscal year was the reason given for the increase. [30]
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
The U.S. Postal Service made the request to increase first class stamp prices to 73 cents. If approved, those changes would go into effect July 14.
That would come at a time when the postal service has already seen a sharp drop in first-class mail volume, which has slipped to 28% to 46 billion pieces in 2023 from almost 64 billion pieces in ...
The U.S. Postal Service said Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation's doorsteps, in a move meant to help the Postal ...
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