Latest News and Highlights

COVID-19 Relief Bill Signed  On December 27th, President Trump signed the Coronavirus relief bill passed by Congress last week. Among other provisions, the legislation converts $10 billion in borrowing authority for the Postal Service to a "grant" that will not require prepayment if used to offset impacts of the pandemic.

PRC Approves Domestic Competitive Prices for 2021 On December 10th, the Postal Regulatory Commission (PRC) approved the domestic competitive price changes to take effect Jan. 24, 2021. The prices, approved by the PRC, will raise Shipping Services product prices approximately 3.5 percent for Priority Mail service, and 1.2 percent for Priority Mail Express service. Shipping Services price increases vary by product. Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions.

PRC Issues Final Order in the Ten-Year Review.  On Monday, November 30th, the Postal Regulatory Commission (PRC) announced that it issued Order No. 5763 adopting rules to modify the system for regulating rates and classes for Market Dominant products.  As implemented, the final rules provide a 5-year review period for a holistic assessment of the effects of the Commission’s rule changes. The Commission retains the flexibility to adjust certain components of the system sooner than that if necessary.    Federal Register Notice   PostCom's Summary 

PRC Approves Market Dominant Prices, Mailing Promotions and the Seamless Acceptance Incentive for 2021 On Friday, November 20th, the Postal Regulatory Commission (PRC) approved the Market Dominant price change to take effect January 24, 2021.The prices, approved by the PRC will raise Mailing Services product prices approximately 1.8 percent for First-Class Mail and 1.5 percent for other categories.

USPS Latest Leadership Announcements On Thursday, November 19th, the U.S. Postal Service made several leadership announcements, including the retirement of a top executive, the promotion of several other key leaders, and a series of functional alignments that aim to better position the organization to achieve operational excellence and financial stability. The changes include the announcement that David E. Williams, chief logistics and processing operations officer, intends to retire next year. Isaac Cronkhite, who currently serves as chief human resources officer, will succeed Williams as chief logistics and processing operations officer.

U.S. Postal Service Announces New Domestic Competitive Prices for 2021 On November 16, 2020, The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect Jan. 24, 2021. The proposed prices, approved by the Postal Service Governors, would raise Shipping Services product prices approximately 3.5 percent for Priority Mail service, and 1.2 percent for Priority Mail Express service. Shipping Services price increases vary by product. 

USPS Files FY2020 Financial Results The Postal Service today reported its financial results for fiscal year 2020, which ended on September 30, 2020. Despite an increase in revenue of $2billion relative to FY2019, the Postal Service recorded a net loss for the year of $9.2 bn (compared with $8.8 bn in 2019). Controllable losses - which ignore non-cash expenses were $3.8 bn, up from $3.4 bn last year. The Postal Service cited losses in mail volume, and increased expenses associated with the COVID-19 pandemic as primary drivers of its FY2020 financial performance.

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