$173 Million Net Loss for FY 2011 The US Postal Service yesterday filed with PRC its second month preliminary financial report of the 2011 fiscal year (unaudited) . USPS reported a net loss of $456 million for the month of November. This same period last year saw a $255 million net loss. In October USPS […]
Washington, DC – The Commission has begun work on Section 701 of the Postal Accountability and Enhancement Act (PAEA) as required to issue its report to the President and Congress concerning the operation of amendments made by the PAEA and other recommendations for any legislation or other measures to improve the effectiveness or efficiency of […]
Washington, DC – Postal Regulatory Commission (PRC) Chairman Ruth Y. Goldway today announced the election of Mark Acton as Vice Chairman of the Commission, succeeding Tony Hammond. PRC regulations provide that the Commissioners elect a member to serve as Vice Chairman for a term of one year. “I believe the Postal Service is at a […]
The US Postal Service yesterday filed its first month of the 2011 fiscal year (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net profit of $283 million. This same period last year saw a $221 million net loss. Total Mail Services Volume was up 5.0%, revenue down 1.7% Total Shipping Services […]
As it appeals the denial of an “exigent” rate increase, the U.S. Postal Service is arguing that the Postal Regulatory Commission’s decision was “arbitrary and capricious,” according to a brief filed late this afternoon with the U.S. Circuit Court of Appeals for the District of Columbia. Among other points, USPS lawyers contend that the five-member […]
According to Postcom: “We’re shocked! Shocked, we tell you. The Postal Service has opposed any intervention by any of the parties who were going to be tagged with higher rates as a result of its exigency request. Perhaps we’ll need to wait until after December 3rd for the Postal Service to come back to its […]
Office of Public Affairs and Government Relations In October 2009, the Commission awarded a scoping contract to The Urban Institute to identify the array of benefits provided by the Postal Service that contribute to the social value of the post in the United States. The study was intended to identify possible metrics and methods for […]
‘Reply Rides Free’ and ‘Saturation Mail/High Density Incentive’ Programs Refiled WASHINGTON — Volume discounts and free additional weight are included in proposed mailing standards changes the U.S. Postal Service filed with the Postal Regulatory Commission (PRC) today. These two incentives are designed to retain and grow profitable mail volume and were originally filed with the […]
A stamp’s price remains the same, despite Postal Service requests to raise the price. Discover some of the most unusual places you can still send mail..
Dead Tree Edition – Postage rates are likely to increase about 1.7% in January as a result of a letter that the Postal Regulatory Commission’s chief lawyer issued today. Postmaster General Jack Potter promised not to increase postage rates during 2010, but postal officials seem eager to bump up rates once the calendar changes over […]