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USPS Boosts Mag Mailing Rate by 2.7%
The USPS is increasing postage for magazines by 2.7 percent beginning May 12. The rate hike, which follows last year’s significant increase of 11 percent, was expected.
The hike is the first under the USPS’s Postal Accountability and Enhancement Act, which states that prices for mailing services will be adjusted each May, according to Folio. David Straus of American Business Media said the ABM is “very pleased and relieved” that the hike was not worse than it was.
“While no one enjoys cost increases, this reform legislation which passed last year gives publishers a real planning horizon,” a spokesperson for Hearst told Folio. “We can more effectively manage our businesses and drives the USPS to operate more efficiently.”