The USPS filed its latest rate case on Monday, April 10, 2023. How will this next round of rate hikes affect you and your customers? Leo Raymond will be joined by Sharon Owens, USPS VP, Pricing & Costing to expand on the changes, explain how they’ll affect you, and answer your questions. Registration is FREE to all! (Recording access available…
Read More
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…
Read More
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…
Read More
Presented by Sharon Owens, VP Pricing and Costing
Read More
The concept of balance is present in many philosophies, operations, and financial considerations, and requires that competing factors and forces be in equilibrium for balance to be achieved. The analogy can be applied to the Postal Service which, financially, has been off balance for many years. The agency was debt-free at the end of fiscal 2005, i.e. until the Postal Accountability…
Read More
In the latest example of how Postmaster General Louis DeJoy defines “prudent and judicious,” he won Board of Governors support to seek the second price increase on market-dominant products in less than a year. As in the prior rate hike, effective last August 29, DeJoy opted to use nearly all available rate authority. If approved by the Postal Regulatory Commission,…
Read More