Serious Questions Around the USPS and Rates (freeportpress.com)

If you’re a commercial mailer of flats and periodicals, brace yourself. Customers are facing an unexpected and steep increase in USPS mailing rates sometime this summer — even while service standards remain miserably low.

The first indication that something was seriously wrong with operations at the USPS came last July, when newly appointed PG Louis DeJoy changed trucking regulations. On-time mail deliveries plummeted. It was so bad that a Washington DC District Court judge ruled they must reverse the changes in October and file daily paperwork with their progress.

Now, the Postal Regulatory Commission (PRC) tells us to expect an additional rate increase this summer of anywhere between 5.5% for first-class and up to 7.5% for marketing flats and periodicals. (That’s on top of recent rate changes that went into effect last month.) More at source: https://freeportpress.com/serious-questions-around-the-usps-and-rates/

Related Posts

HPE Reports Fiscal 2018 First Quarter Results

First quarter net revenue of $7.7 billion was up 11% from the prior year and up 9% when adjusted for currency. First quarter GAAP diluted net earnings per share (“EPS”) from continuing operations was $0.92, up from GAAP diluted net EPS from continuing operations of $0.15 in the prior-year period. First quarter non-GAAP diluted net EPS from continuing operations was $0.34, up from non-GAAP diluted net EPS from continuing operations of $0.28 in the prior-year period. “Our strong Q1 performance is proof that we have the right strategy and improved execution,” said Antonio Neri, President and CEO of HPE. “We had good revenue growth across every business segment, continued to execute HPE Next with no disruption to the business, and delivered strong shareholder return in the form of share repurchases and dividends.” Click Read More below for additional information.

Canada Publishers Demand Reversal Of ‘Junk Mail’ Provision

U.S. publishers are not alone in experiencing problems with their postal system. Their neighbors to the north are also unhappy with theirs — for different reasons. A coalition of Canadian news publishers is demanding that Canada Post reverse a decision that would allow consumers to opt out of receiving community newspapers with commercial inserts. These are now seen as junk mail, thanks to the ending of an exemption from Canada Post’s Consumers’ Choice program. As of January 8, 2024, community newspapers with commercial inserts were no longer exempt from Canada Post’s Consumers’ Choice program, which allows Canadians to opt out of receiving ‘junk mail.’

Walmart Reports Q1 FY19 Results

•Total revenue was $122.7 billion, an increase of $5.1 billion, or 4.4%. Excluding currency2, total revenue was $120.7 billion, an increase of $3.2 billion, or 2.7%. •Walmart U.S. comp sales1,2 increased 2.1%, and comp traffic increased 0.8%. •Sam's Club comp sales1,2 increased 3.8% led by comp traffic growth of 5.6%. Tobacco sales negatively impacted comp sales by approximately 140 basis points •The company generated $5.2 billion in operating cash flow. Click Read More below for additional information.
Back To Top
×Close search
Search