From time to time, we reach out to share critically-important policy news to both LSC and our partners. This is one of those times. We ask that you take a moment to review the (attached/linked) material.
Last Fall, the United States Postal Service filed notice with the Postal Regulatory Commission of its annual price changes, which took effect in January 2021. Just a month later, the Postal Regulatory Commission issued an order revising the rate making system for Market Dominant mail products. Under this PRC Order, the USPS can now raise rates beyond the Consumer Price Index. This replaces a highly effective system borne out of the Postal Accountability and Enhancement Act of 2006, which had provided predictability, stability and transparency in postal costs.
This new authority granted to the USPS could result in a second rate increase this year of another 7.56% on these critically-important mail products! This follows the already CPI capped increase implemented in January 2021, which was as high as 3.5% on some categories of mail.
This critical issue is impacting all Market Dominant classes, including Magazine Publishers, Direct Marketers, Catalogers, Nonprofits, Compliance mailings, and personal correspondences.
We need your help.
Please review the below linked material prepared by the ACMA, in coordination with us at LSC, and join our effort to block any second rate hike on these products by contacting your elected officials representing your business locations with the provided messaging tailored to your company interests.
In the midst of this moment of great economic challenge, such a rate hike would be the absolute wrong step to take. We know our clients budget postage for the entire year every fall based on CPI, and an unplanned increase of 5-8% mid-year could be devastating.