WASHINGTON, March 30 — The Postal Service today took its case for five-day delivery to the Postal Regulatory Commission (PRC). The Postal Service is required by law to seek an advisory opinion from the PRC any time a nationwide change in service is proposed. Today’s filing begins the PRC review. A report accompanying the request […]
Some workshare discounts exceeded the savings to USPS Washington, DC – The Postal Regulatory Commission today issued its Annual Compliance Determination (ACD) assessing the financial and service performance of the Postal Service in fiscal year (FY) 2009. The Commission reported that 14 separate Postal Service products or services failed to cover their direct costs. Shortfalls […]
The US Postal Service filed its February 2010 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income/ loss of $611 million. The total Fiscal Year to year loss is $1.5 billion ($592 million lost for the month of January, $179 Million gain the month of December; $255 million lost […]
PRC looking for Actuarial Consultant Services to review current CSRS obligations Statement of Work for Actuarial Consultant Services – Federal Business Opportunities: Opportunities: Recent Developments On January 20, 2010, the U.S. Postal Service Office of Inspector General (OIG) published a document entitled “The Postal Service’s Share of CSRS Pension Responsibility.” This paper is identified as […]
Press Release from Postal Regulatory Commission March 10, 2010 Washington, DC – The Postal Regulatory Commission today issued an Advisory Opinion to the U.S. Postal Service in its “Station and Branch Optimization and Consolidation Initiative” in Docket N2009-1. The Postal Service is required to seek an Advisory Opinion if its actions constitute a nationwide change […]
Customer Loyalty to Be Rewarded Again in 2010 WASHINGTON — The U.S. Postal Service did something for the first time last year, and it was so successful, they’re planning to do it again: launch a summer sale. The 2010 Summer Sale is scheduled to run July 1 through Sept. 30 and will provide a 30 […]
The US Postal Service filed its January 2010 (unaudited) preliminary financial report today with the Postal Regulatory Commission. USPS reported a net income/ loss of $592 million. The total Fiscal Year to year loss is $887 million ($255 million for lost for November and $179 Million gain the month of December) . Mail volume was […]
PRC Press Release Washington, DC – The Postal Regulatory Commission yesterday issued a Notice establishing Docket SS2010-1 to conduct a review of the Civil Service Retirement System (CSRS) pension liability of the United States Postal Service. “This is an important study which will provide information regarding the financial health and viability of the Postal Service, […]