Latest News and Highlights  

U.S. Postal Service Reports Fiscal Year 2017 Results. On November 14, the USPS reported its financial results for FY 2017. The Postal Service reported a net loss for the year of $2.7 billion, a decrease in net loss of $2.8 billion compared to 2016. Of this decline in net loss, $2.4 billion was the result of changes in interest rates, outside of management's control, that reduced workers’ compensation expense compared to last year.  In 2017, mail volumes declined by approximately 5.0 billion pieces, or 3.6 percent, while package volumes grew by 589 million pieces, or 11.4 percent, continuing a multi-year trend of declining mail volumes and increasing package volume. While mail volume declines for the year were somewhat offset by growth in package volume, overall volume has declined by 4.9 billion pieces.

PRC approves USPS Proposed Price Change. On 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 Nominees. On 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! 

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Five Things You Need to Know

1. USPS's price changes will be implemented on January 21, 2018

2. CPI-U rose 0.1 percent in October 

3. USPS realized a net loss of 254 Million in September 2017

4. USPS Marketing Mail Change will not be implemented prior to January 2019

5. USPS is discontinuing support for File Transfer Protocol (FTP) on November 30

Upcoming Events

November 14, 3pm ET: PostCom Monthly Member Webinar. *Members Only* Register Here

December 5 - 7: Mailers Technical Advisory CommitteeWashington, DC 

December 7, 2-4pm ET: PostCom's Summit on Postal Regulation.  Washington, DC.  Register Here

December 12, 3pm ET: PostCom Monthly Member Webinar. *Members Only* Register Here

December 13, 3pm ET: PostCom Post-MTAC Webinar. Register Here

Every Wednesday until November 29, 2017, 2pm EST, Move Update Industry Outreach Webinars

ICYMI: All past USPS presentation are available on RIBBS.