It has been over a year since US Postal Rates increased, but prices went up again - effective today, Monday May 14th.
There is a quote from the Postmaster General in an article published on Yahoo! News this morning:
Postmaster General John Potter has said that even with the higher prices the agency expects a deficit this year as it struggles to compete in a swiftly changing communications market.
For me personally, there is very little impact. I use the postal system less and less each year. Bills can be paid by automatic debit or bank draft, messages can be sent online, etc. I generally only mail one item per month, for a total of a dozen stamps used each year.
It's easy to see why the US Postal Service is suffering in the "swiftly changing communications market".
On the other hand, I order products online more and more. And while the shipping charges are generally free for me (the customer)... they are paid by the shipper. With the rise in online shopping and therefore package deliveries, you would think it would offset the decline in the use of first class mail.
For those of you that use the US Postal service regularly for mailings and shipments, I would be interested to hear how this will affect you directly.
But envelopes that don't bend or are thicker than normal â€” such as eBay purchases â€” will cost more.
It's the first time the U.S. Postal Service is charging by the shape of the mail, and many mail-intensive businesses will take a big hit. (source)
Your thoughts are welcomed...