Welcome to our United States Postal Service Updates blog, your guide to the changing postal scene. Here, we’ll share the latest news and rate updates from the USPS. Dive in as we break down the 2024 updates. 

July 2024 Service Changes

Effective July 14th, the USPS is rolling out updates to its shipping rates, impacting various services and package categories. Here’s an overview of the modifications and how they might impact your shipping and mailing strategies.

Key Pricing Changes

  • Parcel Select prices will increase by an average of 25%.
  • First-Class Mail stamps are going up by 5 cents, from 68 cents to 73 cents. However, when using Stamps.com, you receive a discounted rate of $.69 cents.
  • Mailing service prices rising by approximately 7.8%.
  • No price changes for USPS Ground Advantage, Priority Mail, or Priority Mail Express.

Parcel Select

USPS has filed notice for Parcel Select price changes to take effect on July 14, 2024. These adjustments will introduce an average 25% increase for Parcel Select, a preferred shipping solution for high-volume shippers for regional delivery.

Mailing Services

The cost of sending a 1 oz. First Class Mail letter will increase from 68 cents to 73 cents. However, if you use Stamps.com, the Metered Mail rate for the same letter will only go up from 64 cents to 69 cents, saving you $0.04 compared to the retail rate. Most other mailing products will also experience a price hike of around 7.8%. Additionally, the cost of adding extra weight to single letters will rise from 24 cents to 28 cents. The Postal Service is also reviewing prices for special services like Certified Mail and money orders, but details on those adjustments haven’t been announced yet.

There is some good news, though: there will be no increase in rental fees for Post Office Boxes, and the cost of postal insurance will actually decrease by 10%.

Here’s an overview of the new prices for mailing services:

Mailing Service Prices

ProductCurrent PricesNew Prices
Letters (1 oz.)68 cents73 cents
Letters (metered 1 oz.)64 cents69 cents
Domestic Postcards53 cents56 cents
International Postcards$1.55$1.65
International Letter (1 oz.)$1.55$1.65
Effective July 14, 2024

New Mailing Technology Requirements from USPS

The United States Postal Service (USPS) is implementing a new technology standard called Intelligent Mail Indicia (IMI) to modernize its mailing system.

What is IMI and why is it required?

IMI replaces the older technology and provides the USPS with more detailed and real-time data on your mailings. This translates to a smoother and more efficient mailing experience for everyone. Upgrading offers several benefits:

  • Reduced costs: Eliminates the need to guesstimate postage, preventing overspending and returns.
  • Improved cash flow: Detailed transaction data makes it easier to track refunds and reimbursements.
  • Always up-to-date: Your system automatically receives the latest postage rates and service information.
  • Enhanced security: Robust security features protect your data.
  • Increased efficiency: IMI streamlines mail processing for the USPS, potentially leading to faster deliveries.

What does this mean for you?

The good news is, you don’t need to take any action. Stamps is already working diligently behind the scenes to ensure our technology is fully compliant with IMI by December 2024.  As an approved USPS partner, we’ll make sure your mailing operation continues to run smoothly without interruption.

Recommended for you
Stamps.com Offers New, Lower USPS® Shipping Rates

Stamps.com Offers New, Lower USPS® Shipping Rates

Stamps.com today announces the next phase of its decades-long partnership with the United States Post Office (USPS). In a renewed, direct agreement between the USPS and Stamps.com’s parent company, Auctane, we can now offer our customers lower shipping rates than ever before.  What are the new USPS rates? Our new agreement with USPS gives our […]

First Class Package Service Switches to Zone-Based Rates

First Class Package Service Switches to Zone-Based Rates

Domestic First Class Package is now Ground Advantage. Visit our blog for more information! As of January 27th, 2019 USPS First Class Package Service follows zone-based pricing. Shipping rates for packages are now based on the distance your package will be traveling. Using the zip code of the packages origin and the destination zip code […]

Saving with USPS Metered Mail – 2019 Rates

Saving with USPS Metered Mail – 2019 Rates

Since its introduction in 2014, Metered Mail rates have offered businesses of all sizes a way to save using Online Postage. Metered Mail rates apply to First-Class Mail® Letter postage printed through USPS licensed software (such as Stamps.com) or using a postage meter. Online Postage costs the USPS significantly less than traditional postage stamps, and […]