Latest News and Highlights

UPU to hold 3rd Extraordinary Congress The Universal Postal Union (UPU) has received enough "yes" votes from member countries that it will now hold it's third extraordinary congress to review the current terminal dues system. The congress, which will take place September 24-25 in Berne Switzerland, arguably increases the likelihood that the US will remain a member country of the UPU. The vote has no immediate effect on the self-declared inbound rates that are pending at the Postal Regulatory Commission.

Ashley Jay Elizabeth Poling Nominated to be PRC Commissioner As expected, the President has nominated Ashley Jay Elizabeth Poling of North Carolina, to be a Commissioner of the Postal Regulatory Commission for the remainder of a six-year term expiring November 22, 2024.  Ms. Poling serves as the Director of Governmental Affairs and Senior Counsel for Senator Gary C. Peters, where she advises on policy issues, negotiates with stakeholders to advance bipartisan legislation, and crafts initiatives to advance governmental affairs priorities.  Ms. Poling has experience working on postal policy in the United States Senate and has strong bipartisan relationships with postal stakeholders both on and off Capitol Hill.

USPS Initiates Process of Self-Declaring Inbound International Rates. On May 21, the Postal Service filed documents with the Postal Regulatory Commission initiating the process of self-declaring inbound international rates; a necessary precursor to eventual withdrawal of the US from the Universal Postal Union.  The Postal Service's filings do not contain actual prices, but do present domestic rate benchmarks that will be used to determine the inbound rates and the rate ranges that result therefrom. The Postal Service will be presenting actual rates in a subsequent filing.

USPS Reports Q2 2019 Financial Results. On May 10, the U.S. Postal Service reported total revenue of $17.5 billion for the second quarter of fiscal 2019 (January 1, 2019 - March 31, 2019), a decrease of $8 million, or essentially flat, compared to the same quarter last year. The net loss for the quarter totaled nearly $2.1 billion, an increase of $747 million, compared to a net loss of $1.3 billion for the same quarter last year, however, the controllable loss for the quarter was $806 million, compared to a controllable loss of $656 million for the same quarter last year.

House Committee Examines USPS Financial Condition.  On Tuesday, April 30, the House Committee on Oversight and Government Reform held a hearing on the financial condition of the Postal Service. The hearing that was expected to be a precursor to the introduction of legislation featured some heated exchanges between Committee members and the Postmaster General and a call for the Postal Service to supply a written plan for solvency to the Committee.

PRC Releases Report on USPS Financial Condition. On April 19, the Postal Regulatory Commission released a report on the Postal Service's issued its Financial Analysis report, an examination of the U.S. Postal Service’s (Postal Service) financial results and 10-K Statements for Fiscal Year (FY) 2018. The Postal Service reported a net loss from operations of $2.1 billion in FY 2018. The Commission’s analysis found that when non-operating expenses are included, the Postal Service’s total net loss was $3.9 billion—a decline of $1.2 billion when compared to the previous year. Reportedly, this decline resulted from a $1.8 billion increase in operating expenses and an $823 million increase in the non-cash change to the workers’ compensation expense, offset by a $1 billion increase in operating revenue and a combined $400 million decrease in expenses related to retirement.