The proposed value adjustments would increase the overall values of dominant and market products by approximately 6. 9%. First-class mail values would accumulate up to 6. 8% to compensate for declining revenue due to declining first-class mail volume. beyond 10 years, mail volumes have declined to 46 billion items, or 28%, and continue to decline. During the same period, first-class mail volume fell 32% and first-class mail volume in a copy (add letters with postage stamps) decreased by 47%.
“For more than 14 years, the postal service has had limited pricing authority to respond to the conversion of market realities,” said Post Office Minister and CEO Louis DeJoy. “As a component of our 10-year plan to achieve monetary sustainability and service excellence, the Postal Service and the Board of Governors are committed to a robust pricing technique that allows us to remain viable and competitive and provide some of the world’s most affordable and reliable postal services. “