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November 14, 2013 9:15 AM, EST

U.S. Postal Service to Increase Rates 2.4% in 2014

Victor J. Blue/Bloomberg News

The U.S. Postal Service said it plans to increase overall prices 2.4% in 2014.

If the rate increase is approved by the Postal Regulatory Commission, the higher prices will take effect Jan 26.

The postal service said it also is adding a package delivery option to allow customers to send Priority Mail Express to most locations in the United States by 10:30 a.m. for an additional $5.

“The Postal Service remains the best in value in the shipping business,” said Nagisa Manabe, USPS’ chief marketing and sales officer.

The postal carrier recently signed an agreement with Amazon.com Inc. to offer Sunday package delivery in Los Angeles and New York City.

The online retailer announced that it plans to extend the service in 2014 to markets including Dallas, Houston, New Orleans and Phoenix.

“With this new service, the Postal Service is now delivering packages seven days a week in select cities. Customers can expect the same reliable and valued service that the Postal Service currently provides,” Postmaster General Patrick Donahoe said.