Latest News and Highlights
POSTAL SERVICE POSTS IMPORTANT UPDATES TO RIBBS/POSTALPRO:
USPS SHOWS $1.6 BILLION LOSS FOR FY16 Q3. USPS:
WASHINGTON — Excluding a change in accounting estimate recorded during the quarter, the U.S. Postal Service reported operating revenue of $16.6 billion for the third quarter of fiscal year 2016 (April 1, 2016 - June 30, 2016), an increase of $117 million, or 0.7 percent, over the same period last year (See Selected Third Quarter 2016 Results of Operations table below). Nevertheless, the Postal Service suffered both a controllable loss (defined below) and a net loss for the quarter. In addition, the Postal Service’s revenues were approximately $450 million less than they otherwise would have been during the quarter because of the expiration of the exigent surcharge on April 10, 2016.
USPS PUBLISHES FY2015 HOUSEHOLD DIARY STUDY. The US Postal Service has published its widely read, The Household Diary Study, Mail Use & Attitudes in FY2015.
Hear ye! Hear ye! The latest PostCom postal podcast on some of the issues that will be a part of the Postal Regulatory Commission review of the PAEA rates process has been posted on the PostCom web site.
Five Things You Need to Know
1.) PostCom submits letter to USPS General Counsel on potential 404a violations.
2.) House Committee on Oversight and Government Reform passes two postal bills.
3.) PostCom's President-Elect Lowrance on House Committee on Oversight and Government Reform panel.
4.) USPS submits 120-day report on Periodicals and Std Mail Flats to PRC as part of Annual Compliance Determination
5.) USPS publishes "The Household Diary Study, Mail Use and Attitudes in FY2015."
Every Wednesday and Friday, 2PM ET through Oct 2016: USPS Full Service Mail Quality Assessments and Mailer Scorecard Hotline Webinar. Dial-in: (855) 860-7461. Conference ID: 988 014 5406
August 26, 10AM ET: Technical Conference at PRC for review of internal USPS service performance data.
October 17: PostCom Executive Committee Meeting
October 18: PostCom PostOps/Study Day: Registration now open!
October 19: PostCom Board Meeting
ICYMI: All past USPS presentation are available on RIBBS.