Washington, D.C.—U.S. Postal Service Governors announced Thursday that future postal prices will be adjusted using new regulations issued by the Postal Regulatory Commission on Oct. 29. Under those regulations, price increases will be capped at the rate of inflation.
The governors had the option of filing one last rate case under the old regulations but ultimately voted to proceed with the new pricing regulations.
Postmaster General John E. Potter said in a news release that the new regulations provide a predictable price schedule for business mailers. “We intend to use this new flexibility to grow our competitive business, offering volume discounts and contract pricing,” he said.
—Carol Krol
