Latest News and Highlights  

U.S. Postal Service Reports Fiscal Year 2017 Results. On November 14, the USPS reported revenues of $69.6 billion for fiscal year 2017, a decrease of $1.8 billion compared to the prior year.  The USPS attributes the lower revenues to a decline in mail volume of 5.0 billion pieces (3.6%) as well as the $1.1 billion 2016 non cash change in accounting estimate and 2016 roll-back of the exigent surcharge.   USPS also reported a package volume increase by 589 million pieces or 11.4 percent.  

PRC approves USPS Proposed Price ChangeOn November 7, the Postal Regulatory Commission approved the Postal Service's proposed price changes for its competitive products. The new prices will go into effect on January 21, 2018. 

White House Announce Board of Governor NomineesOn October 26, 2017, the White House announced nominations for three individuals to be postal governors. They are Calvin Tucker of Pennsylvania, Mike Duncan of Kentucky and David Williams of Illinois. These nominees are: Calvin R. Tucker of Pennsylvania, for the remainder of a term expiring December 8, 2023;  Robert M. Duncan of Kentucky, for the remainder of a seven-year term expiring December 8, 2018, and an additional term expiring December 8, 2025 and David Williams of Illinois, for the remainder of a seven-year term expiring December 8, 2019.

PostCom Celebrates 70 Years! This week the Association for Postal Commerce celebrated its 70th Anniversary at a Reception with Board of Directors and leaders of the U.S. Postal Service and Postal Regulatory Commission.  In celebrating PostCom's history, President & CEO, Mike Plunkett, and Chairman of the Board, Bob Schimek, recognized two outstanding individuals for their long-standing contributions towards the association as well as the industry.  The Lifetime Achievement Award was presented to James (Jim) Cochrane of the U.S. Postal Service for his long and extraordinary service to the mail industry.  The Stan Woodruff Award was given to Donna Hanbery of the Saturation Mailers Coalition (SMC) and a long-time Board of Directors Member for her leadership and guidance to the association and its work on behalf of the postal commerce industry.  Congratulations!