Latest News and Highlights  

PRC Issues FY2018 Annual Report. On January 10th, the PRC released its Fiscal Year 2018 Annual Report to the President and Congress. The report is required by the Postal Accountability and Enhancement Act (PAEA) and provides a comprehensive summary of the PRC's efforts during the last fiscal year including the ten-year regulatory review (RM2017-3), determination of the appropriate share contribution to institutional costs from competitive products (RM2017-1), and supporting the efforts of the President's Task Force on the US Postal System.

Michael Kubayanda Confirmed as Postal Commissioner  On January 2nd the Senate confirmed Michael Kubayanda to fill the open Postal Regulatory Commissioner position formerly held by Ruth Goldway. The appointment runs until November 22, 2020. PostCom congratulates Mr. Kubayanda on his appointment!

PRC issues ruling on Institutional Cost Contribution Requirement for Competitive Products On January 3, the Postal Regulatory Commission (PRC) issued Order No. 4963 in Docket RM2017-1; Institutional Cost Contribution Requirement for Competitive Products. As proposed earlier, the Order establishes a formulaic approach to determining the “appropriate” share of contribution to institutional costs required of the Postal Service’s competitive products. The Postal Accountability and Enhancement Act (PAEA) created the need for an appropriate share floor. Since the advent of PAEA, the appropriate share has been set by the PRC at 5.5% of institutional costs.

USPS Releases FY2018 Annual Compliance Report As required by the Postal Accountability and Enhancement Act (PAEA), the Postal Service on December 28 filed the FY2018 Annual Compliance Report (ACR) with the PRC. The report will be used by the PRC to determine the extent to which the Postal Services is in compliance with various requirements of PAEA. The ACR includes detailed information on USPS revenues, costs, volumes and service performance. 

American Mail Alliance Releases Statement. The American Mail Alliance has once again united to respond to the President's Task Force on the United States Postal System. The problems plaguing the US postal system require a holistic approach and not a piecemeal effort. We strongly urge the Postal Regulatory Commission to refrain from a premature attempt to cure the Postal Service's manifold ills by granting unneeded and misguided relaxation of the statutorily required CPI price cap.

USPS Reports Fiscal Year 2018 Financial Results.  On November 14, USPS reported their Fiscal Year 2018 financial results.  The Postal Service reported overall volume decline of 3.2 billion pieces and a net loss of $3.9 billion.  In addition, the Postal Service made a call for the need to advance legislative and regulatory reforms, along with continued aggressive postal management actions to generate new revenue and control costs. 

PRC Approves USPS Rate Adjustments. On November 13, the Postal Regulatory Commission issued Orders 4875 and 4876 approving the Postal Service’s planned rate adjustments for both Market Dominant products and Competitive products respectively.  Price changes will go into effect on January 29, 2019.