Latest News and Highlights

USPS Updates on “COVID-19". The USPS will provide any necessary updates on their website at: https://about.usps.com/newsroom/service-alerts/. Other resources:

USPS Files Rate Change On October 9, 2020, the Postal Service filed notice with the Postal Regulatory Commission on rate changes for Market Dominant and International Competitive Products effective January 24, 2021. The CPI price cap governing market dominant products was 1.46%. Some key features of the change are: No change to the 55 cent First-Class Mail single piece rate; The "meter" rate for FCM is increased to 51 cents; There will be a 1/10 cent incentive for eDoc submitters who use seamless acceptance and Mailing promotions will be in effect according to a calendar similar to previous years. There is no announced price change for domestic competitive products as of yet. 

USPS Releases August 2020 Financial Results. On September 25, the USPS filed its August 2020 finances with the Postal Regulatory Commission. USPS continues to exceed revenue expectations with overall revenue up 4.2% over August 2019. Expenses declined 16% relative to last year, resulting in a net loss of only $278 million. Last August's net loss was $1.7 billion.

PostCom President to Testify before The Subcommittee on Government Operations Michael Plunkett, PostCom President and CEO, has been invited by Congressman Gerald Connelly (D-VA) to testify before the The House of Representatives' Subcommittee on Government Operations on Monday, September 14, 2020, at 12:00 p.m.   The invitation states: "On the precipice of a contentious federal election and, due to the pandemic, an unprecedented reliance on the mail to deliver ballots, the public deserves a non-partisan Postal Service that it can trust. At this hearing, experts will provide evidence for alarming concerns about Postmaster General DeJoy and demonstrate that his continued leadership could jeopardize the Postal Service and the 2020 election."    Mr. Plunkett's written testimony is available here. 

USPS Service Performance Rebounds  On August 31, the U.S. Postal Service sent a letter to the House Committee on Oversight and Reform and the Senate Homeland Security and Governmental Affairs Committee as a follow-up to the hearing on August 24.  In the letter, the Postal Service provided service performance charts showing significant increases in all mail categories.  The Postal Service has also committed to providing weekly service performance updates throughout the election season and the remainder of 2020. 

House Passes Bill to Fund U.S. Postal Service On August 22, the House of Representatives passed HR 8015: the Delivering for America Act, which would provide $25 billion in funding to the Postal Service to mitigate the impact of the Covid-19 pandemic, and which would require USPS to restore service performance efforts to pre-Covid levels. The bill passed 257 to 150 mostly along party lines with no Democrats voting against the legislation, and only twenty-six Republicans voting in its favor. Senate Majority Leader McConnell (R-KY) has indicated that the Senate will not vote on the bill. 

House and Senate Hearings on the U.S. Postal Service.  On August 21, the U.S. Senate Committee on Homeland Security & Governmental Affairs will conduct a hearing "Examining the Finances and Operations of the United States Postal Service During COVID-19 and Upcoming Elections" via video conference.   On August 24, the House Committee on Homeland Security & Governmental Affairs will conduct a hearing "Protecting the Timely Delivery of Mail, Medicine, and Mail-in Ballots” in person and via video conference with Postmaster General DeJoy and Governor Robert Duncan as witnesses. 

U.S. Postal Service Announces Temporary Price Increase On August 14, USPS announced a temporary price increase on its commercial shipping products that will be in effect from October 18, through December 27 of this year. The price increases vary by product and by weight cell and range from about 4 percent at low end to as much as 12 percent in some cases. 

U.S. Postal Service Releases 3rd Quarter Financials  On August 6, USPS reported its financial results for the third quarter of 2020. As expected, the Covid-19 pandemic, which has had a disastrous impact on the US economy, is affecting USPS’ finances in a significant way. The U.S. Postal Service posted a loss for the quarter of $2.2 billion, slightly less than last year’s $2.3 billion loss during the same quarter of 2019. Revenue for the quarter increased by more than $500 million over last year at $17.1 billion. Expenses, driven largely by a compensation and transportation increases were up by $470 million. 

U.S. Postal Service Reaches Agreement with Treasury On July 28, the USPS announced that it reached an agreement in principle with the United States Department of the Treasury on the terms and conditions associated with $10 billion lending authority provided in the CARES Act. DeJoy expressed his appreciation to U.S. Treasury Secretary Steven Mnuchin for working with him to reach mutually acceptable terms and conditions. 

DTAC Acquires Mail.dat® & Mail.XML™ Specifications From Idealliance PostCom is pleased to announce that Delivery Technology Advocacy Council (DTAC) and Idealliance have agreed to transfer ownership and management of the Mail.dat and Mail.xml specifications to DTAC. Several members of PostCom's Board of Directors were instrumental in forging this agreement that will help ensure technological continuity and stability for the mailing industry in the years to come. Official Press Release