Latest News and Highlights  

U.S. Postal Service Reports Fiscal Year 2017 Third Quarter Results.  The U.S. Postal Service reported revenue of $16.7 billion for the third quarter of fiscal year 2017 (April 1, 2017 - June 30, 2017). Revenue for the quarter was essentially unchanged compared to the same quarter last year, excluding the effect of a $1.1 billion non-cash change in accounting estimate recognized during the third quarter of fiscal year 2016. 

National Association of Letter Carriers Ratifies 40-month Deal. The National Association of Letter Carriers (NALC) membership has ratified a new 40-month labor contract with the Postal Service.The contract covers approximately 211,000 USPS employees represented by the union. The new agreement runs through Sept. 20, 2019.

USPS Releases 2016 Household Diary Study. USPS has filed with the PRC the latest edition of its Household Diary Study survey, a multi-year market research study of mail that is received by and sent from American households.  The recently released study covers household-mail trends during the Postal Service’s Fiscal Year (FY) 2016, running from October 2015 through September 2016. 

GAO Report on Monopolies. On July 24, 2017 the GAO released its long anticipated report on the postal monopolies. This report examines (1) what is known about the value of USPS's letter delivery and mailbox monopolies, (2) views on the potential effects of narrowing or eliminating these monopolies; and (3) considerations that would need to be addressed to estimate the effects of laws that apply differently to USPS and its private competitors.

USPS Request Move Update Price Change. The U.S. Postal Service on June 30, 2017, filed a request at the Postal Regulatory Commission (PRC) for Move Update price and classification changes to take effect on January 21, 2018 at 12:01 a.m. The USPS proposes changing the Move Update postage assessment for non-compliance to $0.08, change the Move Update verification method, correct erroneous information subjecting USPS Marketing Mail parcels to the Move Update requirement, and extending Full-Service ACS to certain non-Full-Service mailpieces. The PRC on July 3, 2017, established Docket No. R2017-7 to consider the USPS’ request. Comments are due to the PRC by July 20, 2017.   PostCom Filed Comments with the PRC

USPS – Spendthrift Monopoly Opinion of the Alliance of Nonprofit Mailers, MPA—The Association of Magazine Media, and PostCom—The Association for Postal Commerce. In the ongoing “Ten Year Review” of postal pricing, the Postal Regulatory Commission is considering whether to retain, loosen, or eliminate the CPI cap on price increases for market-dominant products. Our three associations have urged the Commission to keep the price cap unchanged. Remainder of the Article.

 

More News

 

Five Things You Need to Know

1. USPS is discontinuing support for File Transfer Protocol (FTP)

2. CBO assigns HR 756, The Postal Service Reform Act of 2017, a favorable Score

3. USPS's earned $16.7 Billion in Q3 2017 

4. Trump Administration Proposed Budget suggests USPS make cuts on Delivery and Retirement Benefits

5. NALC & USPS ratify Agreement on a National Labor Contract 


Upcoming Events

August 15, 2017: USPS Advanced Informed Delivery Webinar Register Here

August 22 - 24, 2017: Mailers Technical Advisory Committee. Washington, DC 

August 29, 2017: USPS Advanced Informed Delivery Webinar Register Here

September 5, 2017: PostCom MTAC August Meeting Overview Webinar.  Register Here

September 12, 2017: PostCom Monthly Member Webinar.  Register Here

October 24 - 25, 2017: PostCom Board of Directors Meetings.  Alexandria, VA

December 5 - 7, 2017: Mailers Technical Advisory CommitteeWashington, DC 

Every Wednesday until August 30, 2017, 2pm EST, Move Update Industry Outreach Webinars

ICYMI: All past USPS presentation are available on RIBBS.