U.S. Postal Service Proceeds with Request for Postal Rate Change

*Pricing actions part of balanced approach under “Delivering for America,” the Postal Service’s 10-year plan for achieving financial sustainability and service excellence
*Following rate changes, USPS prices to remain among the world’s most affordable
*Rate changes also contribute to $40 billion of investments in people, technology and infrastructure over the next 10 years to modernize and improve the Postal Service’s operations and customer experience
*Rate adjustments in accordance with Postal Regulatory Commission approvals, helping to address USPS operating losses exacerbated by declines in mail volume

As part of “Delivering for America,” its 10-year plan to achieve financial sustainability and service excellence, the United States Postal Service filed notice today with the Postal Regulatory Commission (PRC) requesting price changes to take effect Aug. 29, 2021 that are in accordance with approvals provided by the PRC last year.

The proposed price changes would raise overall Market Dominant product and service prices by approximately 6.9 percent. First-Class Mail prices would increase by 6.8 percent to offset declining revenue due to First-Class Mail volume declines. In the past 10 years, mail volume has declined by 46 billion pieces, or 28 percent, and is continuing to decline. Over the same period, First-Class Mail volume has dropped 32 percent, and single piece First-Class Mail volume — including letters bearing postage stamps — has declined 47 percent.

“For the past 14 years, the Postal Service has had limited pricing authority to respond to changing market realities,” said Postmaster General and CEO Louis DeJoy. “As part of our 10-year plan to achieve financial sustainability and service excellence, the Postal Service and the Board of Governors are committed to judiciously implementing a rational pricing approach that helps enable us to remain viable and competitive and offer reliable postal services that are among the most affordable in the world.”
details at: https://about.usps.com/newsroom/national-releases/2021/0528-usps-proceeds-with-request-for-postal-rate-change.htm

Related Posts

Is Using Synthetic Paper More Eco-Friendly Than Lamination?

While the material and equipment costs of the traditional two-step lamination process were once a deterrent in choosing lamination over synthetic paper, the environmental impact of using lamination has arrived as the key detractor for choosing lamination as robust sustainability initiatives have become the norm across nearly every industry. This leaves end users and printers alike with an important question: Are there sustainable alternatives to traditional laminates that offer the same degree of substrate strength and protection? The short answer is yes, and, here, we’ll look at a couple of ways choosing sustainably manufactured synthetic paper can provide superior protection for your print media in a more eco-friendly way. Synthetic paper is manufactured to be 100% recyclable. While some laminates can be recycled and reused for other purposes, the process involves removing the laminate from the substrate, which is a time-consuming and costly process.

JCPenney Provides Update on Third Quarter 2017 Performance

J. C. Penney Company, Inc. provided a preliminary update on its expected third quarter performance, following actions taken during the quarter to accelerate the liquidation of inventory. The Company's fiscal third quarter ends Oct. 28. "Based on the encouraging results from a third quarter reset in women's apparel, which expanded our casual and contemporary offering, we made the strategic decision to accelerate a wider transformation of the entire women's department by clearing slow-moving inventory primarily in women's and other apparel categories. Following this comprehensive reset, we saw an improvement in performance, particularly in our women's division, confirming these actions were necessary to drive growth in our women's apparel business," said Marvin R. Ellison, chairman and chief executive officer for JCPenney. For the third quarter, the Company expects that comparable store sales will increase in the range of 0.6 % to 0.8 % and cost of goods sold, which excludes depreciation and amortization, will increase 300 to 320 basis points compared to the same period last year, impacted primarily by a greater sales penetration in major appliances and e-commerce and the decision to accelerate the liquidation of inventory. The Company expects third quarter adjusted earnings per share to be in the range of ($0.45) to ($0.40)1. Click Read More below for additional information.

Country Walking launches #Walk1000Miles 2024 Challenge

Country Walking, the UK’s best-selling walking magazine has launched its annual challenge #Walk1000Miles with a dedicated 64-page supplement, available in the February issue. Founded 9 years ago by Country Walking’s Editor Guy Procter, the popular annual walking challenge encourages anyone of any age, fitness level and experience to walk 1000 miles in one year. It takes under an hour a day to reach 1000 miles in 12 months – just 2.74 miles daily – or the equivalent of Land’s End to John o’Groats the long way. Since launch, Country Walking’s #Walk1000Miles challenge has amassed more than 170k registrations and over 44,000 members to its growing Facebook community.
Back To Top
×Close search
Search