Tribune Publishing And Union Agree To Two-Year Contract (mediapost.com)

The U.S. Postal Service today launched an online service performance dashboard, consistent with one of the operational reforms included in the Postal Service Reform Act. After prompting users to enter only a ZIP Code, the website provides customers with a variety of useful information, including the percentage of on-time delivery for specific mail and shipping products in each USPS district. This data, updated weekly, is based on scans collected when mail enters the network, during processing and at the point of delivery. The dashboard is available at https://about.usps.com/what/performance/service-performance/external-service-measurement.htm.

The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of mailing services price changes to take effect Jan. 21, 2024. The new rates include a 2-cent increase in the price of a First-Class Mail Forever stamp, from 66 cents to 68 cents. The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 2 percent. As inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The prices of the Postal Service remain among the most affordable in the world.

• Reported revenue increased 4%; Adjusted revenue, excluding Engineering Solutions, increased 7%. Vitality revenue from new or enhanced products contributed 11% of reported revenue in Q2. • GAAP EPS decreased 44% due to gains on divestitures in Q2 2022, and adjusted diluted EPS increased 11% year over year. • Previously announced $1 billion ASR to be completed and additional $500 million ASR to be launched in the coming weeks. • Divestiture of Engineering Solutions closed on May 2, 2023.