2024-11-11 17:55:11
Business
Economy

Postal Rate Hike Approved Amid Industry Challenges

Image used under license from Shutterstock.com

The Federal Network Agency, under President Klaus Müller, has sanctioned a substantial postal rate increase for Deutsche Post, granting a 10.5% hike for letter postage. This decision reflects the agency's acknowledgment of rising operational costs and declining mail volumes affecting the postal service. As a result, the cost of sending standard letters, maxi letters, and postcards will see a uniform rise. Despite the increase, old stamps will remain valid, though they may require additional postage.

The decision comes amidst Deutsche Post's calls for greater pricing flexibility to cover financial gaps. Although the agency approved a notable increase, it rebuffed the postal service's request for a more extensive pricing leeway. The approved rate hike aligns with a calculated price escalation rate of 3.37%, which considers productivity declines and an appropriate profit margin. This detailed pricing, however, will undergo further examination in a subsequent fee-setting procedure.

The postal service's financial strategy, as outlined by Post Chief Tobias Meyer, aims to distribute the price hike "more or less evenly" across various mail categories. Amid these adjustments, the Prio-Brief service will be discontinued, with registered mail becoming the preferred option for swift delivery. These changes, coupled with a focus on climate sustainability by reducing night-time air transport, represent Deutsche Post's broader operational and environmental commitments. The forthcoming pricing table for 2025 is anticipated to provide more clarity on these developments, with a resolution expected in the coming weeks.

gmx
11. November 2024 um 10:32

Authority allows the postal service to significantly increase letter postage

Economy
Federal Network Agency President Müller allows the postal service a 10.5% increase in postage based on pricing flexibility; Postal Chief Meyer announces a uniform increase for standard letters, maxi letters, and postcards; old stamps remain valid.
Frankfurter Rundschau
11. November 2024 um 10:31

Regulatory Authority Allows Deutsche Post to Significantly Increase Postage Rates

Economy
Finance
The Federal Network Agency allows Deutsche Post a significant increase in postage rates of around 10.5 percent. The standard letter could rise from 85 cents to 95 cents.
tz
11. November 2024 um 10:31

Postal Authority Allows Significantly Higher Postage Rates for Deutsche Post

Economy
The Federal Network Agency allows Deutsche Post a significant postage increase of around 10.5 percent at the turn of the year. The standard letter could rise from 85 cents to 95 cents.
n-tv.de
11. November 2024 um 12:28

Post gets instructions: This is the maximum price for letters and packages - n-tv.de

Economy
Finance
The Post is allowed to increase letter prices by a maximum of 10.48% over 2 years and packages for private customers by 7.21%. Finance Chief Kreis criticizes, President Müller defends the decision. Productivity declines and profit margins were taken into account. The authority had proposed a 10.5% scope in September, the specific price schedule for 2025 is to be clarified in 4 weeks. Post CEO Tobias Meyer wants to structure the price increase "approximately evenly" for the standard letter, maxi..
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