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/.

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.

PRC Approves Price Change On Monday, July 19the Postal Regulatory Commission confirmed that "the planned price adjustments for all market dominant classes, including workshare discounts, are consistent with applicable regulations and applicable Commission directives and orders. The PRC also concludes that the planned classification changes, with some minor revisions described in the PRC Order, are consistent with applicable law. " The new prices will take effect August 29 absent further action by the DC Circuit as part of an ongoing industry appeal.