Latest News and Highlights
PRC ANNOUNCES PLAN FOR 10-YEAR REVIEW OF SYSTEM OF REGULATING RATES AND CLASSES FOR MARKET DOMINANT PRODUCTS. PRC:
Washington, DC – At today’s quarterly public meeting of the Postal Regulatory Commission (Commission), the Commission outlined its plans for the upcoming review of the existing ratemaking system. The Commission is notifying the public now so that all interested parties may prepare to fully participate in the review that will start after December 20, 2016.
On December 20, 2006, the Postal Accountability and Enhancement Act (PAEA) was signed into law and created a modern system of regulating rates and classes for Market Dominant products. The PAEA also mandated that the Commission review this system 10 years later to determine if it is achieving the objectives established by Congress. December 20, 2016 is the ten-year anniversary of the PAEA, and also will mark the beginning of the Commission’s required review of the system of regulation established by 39 U.S.C. § 3622.
Although additional specific information will be provided by the Commission in its December Order, the Commission offers the following preliminary information:
The Commission will provide updates to the public of the review process through its website, www.prc.gov.
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.
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
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.