The Postal Accountability and Enhancement Act of 2006 (PAEA) changed the way the Postal Service sets rates. It divided postal services into two broad categories: market dominant (mailing services) and competitive (shipping services). Market dominant products constitute about 90 percent of postal revenue. They include First-Class Mail, Standard Mail, Periodicals, and some Package Services. Products such as Priority Mail, Express Mail, and bulk Parcel Post are considered competitive. The PAEA placed a cap on price increases for market dominant products.
Did you know that July 1 is National Postal Worker Day? In its honor, we’re going to run a blog series during the month of July that focuses on the value the Postal Service brings to the nation. We all know the Postal Service delivers mail to almost every address six days a week. And there is...Read More