Washington D.C.—The U.S. Postal Service Board of Governors has asked USPS management to prepare a rate case that will involve a settlement agreement among mailers and interested parties on the proposed increases.
"We're preparing an across-the-board rate increase," said Richard J. Strasser Jr., exec VP-CFO of the USPS.
Timing for the increase remains the same, according to the USPS.
"We're still abiding by the commitment not to raise rates until 2006," Strasser said.
The postal managers are counting on an agreement by all parties—including large mailers, mailing associations, competitors and trade associations, such as the Direct Marketing Association—in order to accelerate the process, which typically takes a year.
"If we can't come to some settlement, we may have to decide at some point to file a regular rate increase, which would probably be higher for everyone," Strasser said.