Latest News and Highlights

Board of Governor Leadership Changes During the January 12th Meeting of the U.S. Postal Service Board of Governors, Roman Martinez IV was unanimously elected by his fellow Governors to serve as the 25th chairman of the Board of Governors. The Governors also unanimously elected Anton G. Hajjar to serve as vice chairman. Martinez has served on the Board of Governors since Aug. 2019, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires Dec. 8, 2024. Hajjar has served on the Board of Governors since May 2021, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires on Dec. 8, 2023. He currently serves on the Audit and Finance Committee and the Operations Committee.

PRC Approves Competitive Price Increase The Postal Regulatory Commission (PRC) has approved the competitive price increase  requested by the U.S. Postal Service, including a 3.1 percent increase for Priority Mail and a 3.1 percent increase for Priority Mail Express. The changes become effective January 9, 2022.

Michael M. Kubayanda Resumes Role as PRC Chairman On December 9, Michael Kubayanda was reinstated as Chairman of the Postal Regulatory Commission following confirmation of his reappointment by the US Senate. Commissioner Ashley Poling will resume her role as Vice Chairwoman. 

USPS Delivers Integrated Financial Plan On November 18, the U.S. Postal Service filed their Fiscal Year (FY) 2022 Integrated Financial Plan (IFP). The IFP projects an $8.4 billion loss in 2022, while acknowledging that last year the Postal Service’s net loss of $4.9 billion, was significantly better than the projected $9.7 billion loss. The Postal Service is heavily emphasizing the importance of legislative reforms – specifically, eliminating requirements relating to prefunding retiree health benefits and allowing for Medicare integration – to a better bottom line in FY 2022 and has incorporated these reforms as possible outcomes in its planning.

USPS Reports 2021 Fiscal Year Finances  On November 10, the U.S. Postal Service announced its financial results for the 2021 fiscal year ended September 30, reporting an adjusted loss of $6.9 billion for 2021, compared to an adjusted loss of $7.6 billion for 2020. The Postal Service had a net loss of $4.9 billion for 2021, compared to a net loss of $9.2 billion for 2020. The Postal Service's operating revenue was $77.0 billion for 2021, an increase of $3.9 billion, or 5.3 percent, compared to the prior year.

Michael Kubayanda Nominated for Commissioner of the PRC  On October 6, President Joe Biden announced his intent to nominate Michael Kubayanda as Commissioner of the Postal Regulatory Commission.  President Biden had previously designated Michael Kubayanda Chairman of the Postal Regulatory Commission in January 2021.

PRC Issues Advisory Opinion on USPS Proposal to Change Service Standards for First-Class Package Service Nationwide On September 29, the Postal Regulatory Commission (PRC) issued its Advisory Opinion on the U.S. Postal Service proposal to revise service standards for First-Class Package Service (FCPS). (Docket No. N2021-2). In general, the Commission finds that the proposed changes appear to be consistent with applicable statutory requirements. Nevertheless, the Postal Service has not demonstrated that its implementation of the proposed changes will satisfy the requirements. Before implementing its plan, the Commission made several recommendations which can be found on  www.prc.gov.

Postal Service Announces New Market Dominant Price Adjustment Schedule On September 15, the USPS announced that to help customers better prepare for a new Market Dominant price adjustment schedule, it would not raise prices on Market Dominant products, including Forever stamps, in January 2022. Instead, the next Market Dominant price adjustment is scheduled to happen in July 2022. Beginning January 2023, Market Dominant price adjustments will occur twice a year, (e.g. January 2023, July 2023, January 2024, July 2024, etc.). July 2022 rate authority will include ten months of CPI plus retirement, density, and non-compensatory class authorities as determined by the Postal Regulatory Commission (PRC).The January rate authority will include six months of CPI, plus any unused rate authority.

PRC Approved Proposed Temporary Rate Adjustments for 2021 Peak Holiday Season   On Tuesday, August 10, the U.S. Postal Service announced that it had filed notice with the Postal Regulatory Commission (PRC) regarding a temporary price adjustment for key package products for the 2021 peak holiday season. The PRC approved this rate adjustment.   The temporary rates would go into effect at 12:00 a.m., Central Time, on Oct. 3, 2021, and remain in place through Saturday, December 25, 2021.   This seasonal adjustment will bring prices for the Postal Service’s commercial and retail customers in line with competitive practices. No structural changes are planned.

USPS Third Quarter Financials On Friday, August 6, the U.S. Postal Service announced its financial results for the 2021 third quarter ended June 30, reporting a net loss of approximately $3.0 billion, compared to a net loss of approximately $2.2 billion for the same quarter last year. The Postal Service reported operating revenue of approximately $18.5 billion for the third quarter of fiscal 2021, an increase of $845 million, or 4.8 percent, compared to the same quarter last year. Total operating expenses were approximately $21.4 billion for the quarter, an increase of approximately $1.6 billion, or 8.3 percent, compared to the same quarter last year.

Independent Analysis Casts Doubt on USPS 10-Year Plan. New analysis sponsored by the Envelope Manufacturers Association and the Greeting Card Association, which updates forecasts to reflect new data, demonstrates that above CPI rate increases called for in the Postal Service’s “Delivering for America” plan are unnecessary.