In the latest example of how Postmaster General Louis DeJoy defines “prudent and judicious,” he won Board of Governors support to seek the second price increase on market-dominant products in less than a year. As in the prior rate hike, effective last August 29, DeJoy opted to use nearly all available rate authority. If approved by the Postal Regulatory Commission, the new prices would mean ratepayers would have experienced price hikes of over 13% in less than a year.
In its April 6 filing, the Postal Service detailed the factors contributing to the proposed increase: