PRC Releases FY 2022 Annual Compliance Determination: USPS continues to struggle with compliance in some areas

The Postal Regulatory Commission issued its FY 2022 Annual Compliance Determination assessing the Postal Service’s compliance with rates and service performance. The Commission is required to issue its Determination 90 days after the filing of the Postal Service’s Annual Compliance Report (ACR) (39 U.S.C. Section 3653). This review reflects the new pricing rules for Market Dominant products adopted in FY 2021, including rate authority mechanisms and new requirements for workshare discounts and non-compensatory products.

The Commission’s analysis includes detailed findings, recommendations, and directives on compliance regarding the following subjects:
*Market Dominant products’ rates and fees, including, in particular, workshare discounts and non-compensatory products
*Competitive products rates and fees
*Service performance of Market Dominant products
details at: https://www.prc.gov/press-releases/prc-releases-fy-2022-annual-compliance-determination/5308

Related Posts

Ulta Beauty Announces Fourth Quarter Fiscal 2020 Results

For the Fourth Quarter of Fiscal 2020 *Net sales decreased 4.6% to $2.2 billion compared to $2.3 billion in the fourth quarter of fiscal 2019 due to the impact of COVID-19. *Operating income decreased to $224.3 million, or 10.2% of net sales, compared to $287.8 million, or 12.5% of net sales, in the fourth quarter of fiscal 2019. Adjusted operating income was $254.7 million, or 11.6% of net sales. *Net income was $171.5 million compared to $222.7 million in the fourth quarter of fiscal 2019. Adjusted net income was $193.4 million compared to $219.5 million in the fourth quarter of fiscal 2019. For the Full Year of Fiscal 2020 *Net sales decreased 16.8% to $6.2 billion compared to $7.4 billion in fiscal 2019 due to the impact of COVID-19. *Operating income decreased to $236.8 million, or 3.9% of net sales, compared to $901.1 million, or 12.1% of net sales, in fiscal 2019. Adjusted operating income was $352.5 million, or 5.7% of net sales. *Net income was $175.8 million compared to $705.9 million in fiscal 2019. Adjusted net income was $264.0 million compared to $688.3 million in fiscal 2019.

Wiley Reports Second Quarter 2018 Results

HIGHLIGHTS: • Revenue increased 6% to $452 million; +3% at constant currency • Adjusted EPS increased 32% to $1.03; +22% at constant currency. EPS on a GAAP basis at $1.04, up from ($0.20) • Free Cash Flow less Product Development Spending for six months improved by $38 million • Brian A. Napack named as President and CEO. “The second quarter was highlighted by the announcement of Brian Napack as our new President and CEO and Ella Balagula as our new EVP of Publishing. We also realized improved growth in Research, better than expected results in Publishing, and significant progress in our operational excellence initiatives,” said Matthew Kissner, Chairman. “This month, we celebrate 210 years of enabling many of the world’s advances in research and learning. While we are immensely proud of our legacy, we are just as energized by the opportunities ahead of us.” Click Read More below for additional information.

Macy’s, Inc. Reports Third Quarter 2022 Results

*Comparable sales down 3.1% on an owned basis and down 2.7% on an owned-plus-licensed basis *Inventories up 4% versus 2021, reflecting ongoing planning and supply chain discipline *Net sales of $5.2 billion, down 3.9% versus the third quarter of 2021; up 1.1% versus the third quarter of 2019. *Digital sales decreased 9% versus the third quarter of 2021; up 35% versus the third quarter of 2019. *Brick-and-mortar sales decreased 1% versus the third quarter of 2021; down 9% versus the third quarter of 2019.
Back To Top
×Close search
Search