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As was widely reported last month after the Postal Service released it financial results for Fiscal Year 2023 (October 2022 through September 2023), the third year of Postmaster General Louis DeJoy’s 10-Year Plan, the agency’s anticipated and actual financial performance numbers are far apart. Projections On page 46 of The Plan, the agency charted its projected net losses totaling $159.8…
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In a paper released May 22, three individuals experienced in the regulatory environment urged reforms be undertaken to revitalize the Postal Regulatory Commission.Authored by Tom Davis, who served in Congress from 1995 through 2008 and was chairman of the House Oversight and Government Reform Committee, David Williams, formerly USPS Inspector General and a Postal Service governor, and Michael Kubayanda, the…
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Continuing steps to move to a more battery-powered delivery fleet, the Postal Service announced on February 28 that, “after a competitive search,” it had awarded a contract to Ford Motor Company for 9,250 Ford E-Transit Battery Electric Vehicles. However, the agency conditioned starting delivery of the trucks, planned for December, on the “successful completion of the Supplemental Environmental Impact Statement…
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In consecutive filings with the Postal Regulatory Commission on February 10, the Postal Service revised two of its competitive product categories, continuing its ongoing restructuring of package services overall. First-Class Package Service In the first filing (docketed as CP2023-113), the USPS announced it will rename First-Class Package Service as “USPS Ground Advantage,” raise its weight limit to seventy pounds, and…
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In an order issued January 25, the Postal Regulatory Commission gave each side of an ongoing argument a little of what it wanted. Accounting The issue at hand is simple: how the USPS should account for the $59.6 billion in “prefunding” obligations forgiven by the Postal Service Reform Act of 2022 enacted last April. The answer to that question would…
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As 2022 came to a close, Postmaster General Louis DeJoy was interviewed by Government Executive to get his opinions about progress in implementing his 10-year Plan. For DeJoy, 2023 is the “Year of Implementation” when many of the operational changes he’s been planning finally are put in place and, presumably, begin to deliver the efficiencies and cost savings that he…
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In the closing days of 2022, the legal wrangling continued between the Postal Service and a group of industry associations about how to account for the billions of forgiven USPS debt resulting from last April’s Postal Service Reform Act of 2022. Earlier As has been previously reported, the debate started when the Postal Service sent a letter to the Postal…
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In a document filed December 30 with the Postal Regulatory Commission, the Postal Service provided the calculations for its additional (over-CPI) rate authorities under the PRC’s November 2020 final rule. According to the Postal Service’s calculations, its added rate authority under the “density” provision is 1.026%, and its “retirement” rate authority is 1.036%. The “non-compensatory” rate authority is a fixed…
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