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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Presented by Sharon Owens, VP Pricing and Costing
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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…
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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,…
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