Latest News and Highlights

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.

PRC Issues 2018 Annual Compliance Determination.  On April 11, the Postal Regulatory Commission issued its Annual Compliance Determination(ACD) assessing the pricing and service performance standards of the U.S. Postal Service (Postal Service) in fiscal year 2018.

Universal Postal Union Explores Options  On April 10, the Second Committee (Universal Service Obligation, Regulatory Affairs, and Postal Regulation) of the UPU’s Council of Administration, the body responsible for ensuring the continuity of the UPU’s work between Congresses, reviewed options for revising the present postal remuneration system. After discussion, the Second Committee agreed to put all three options forward for voting and will ballot member countries on whether these options will be decided by an Extraordinary Congress to be held on 23-24 September, or by postal ballot

HSGAC Holds Hearing for Two Governor Nominees. On April 2, the Senate Homeland Security and Government Affairs Committee (HSGAC) held a hearing to consider the nominations of Ron A Bloom and Roman Martinez IV to be Governors of the United States Postal Service. Committee members emphasized the importance of having a quorum of the Postal Service’s Board of Governors, which would be fulfilled if the two nominees are confirmed. The hearing is a required step in the process for approving Postal Governors. The next step will be a vote by the entire Senate to confirm the nominees. 

John McLeod Barger Nominated to USPS Board of Governors. On March 22, President Trump has nominated John McLeod Barger to be a member of the USPS Board of Governors. Barger, a California resident, is nominated for the remainder of a seven-year term expiring Dec. 8, 2021.

White House 2020 Budget On March 11, the White House released its 2020 budget, which calls for $98 billion in savings from 2020-2029 by reforming the Postal Service. Annual savings from the unspecified reforms are projected to be just over $4 billion in 2020, and increasing to almost $13 billion in 2029.  The entire budget proposal can be found here starting on page 1216.

Ann Fisher Nominated to be Commissioner of the Postal Regulatory Commission.  On March 1, 2019President Donald J. Trump announced his intent to nominate Ann C. Fisher as a Commissioner of the Postal Regulatory Commission.  Mrs. Fisher currently serves as Public Affairs and Government Relations Director of the Postal Regulatory Commission. Fisher spent 12 years on Capitol Hill in roles including Deputy Staff Director of the Senate Homeland Security and Governmental Affairs Committee. In this role she served as principal Senate Republican staff architect of the Postal Accountability and Enhancement Act of 2006 which modernized postal laws.