A United States Postal Service (USPS) employee exits a Grumman Lifetime Vehicle.
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The U.S. Postal Service filed a notice Wednesday about a temporary price increase for this year’s peak holiday season, which it says will help cover additional processing costs.
The agency said the regulation has been approved by its board of governors and is currently awaiting review by the Postal Service Regulatory Commission. The price increase will take effect on October 2 and will remain until January 22, 2023.
The agency says the adjustment is similar to previous years and will allow it to remain competitive during peak shipping season.
Rates increase depending on package weight and delivery distance. Commercial priority mail packages will go up 75 cents, and heavy, long-haul packages can go up to $6.50.
The agency notes that it relies on postage, product and service sales to fund operations.
The price increase was announced shortly after The agency said it plans to buy at least 25,000 electric delivery vehicles.