USPS Delays Parcel Service Slowdown (multichannelmerchant.com)

The U.S. Postal Service (USPS) has decided to temporarily suspend a planned reduction in service level standards for First Class package delivery until after the peak holiday season, a week after the Postal Regulatory Commission which oversees it said the plan “lacked demonstrable evidence.”

The proposed changes called for adding 1-2 days to the service level standard for about 31.2% of First Class package volume, while shorting it by about a day for approximately 4.8% percent of the volume, according to the PRC.

“In light of the ongoing environment caused by COVID-19 and the rise of the Delta variant affecting our customers, the implementation date for the revised service standards for First-Class Package Service will be announced after the holiday shipping season” the USPS said in a statement.
more at source: https://multichannelmerchant.com/operations/usps-delays-parcel-service-slowdown/

Related Posts

Latest USPS Report Shows Improved Service Performance

FY23 third quarter service performance scores covering April 1 through April 28, included: *First-Class Mail: 91.8% of First-Class Mail delivered on time against the USPS service standard, an increase of 0.8 percentage points from the fiscal second quarter. *Marketing Mail: 95.8% of Marketing Mail delivered on time against the USPS service standard, an increase of 1.3 percentage points from the fiscal second quarter. *Periodicals: 88.6% of Periodicals delivered on time against the USPS service standard, an increase of 2.1 percentage points from the fiscal second quarter.

Macy’s, Inc. Reports First Quarter 2020 Results

Macy’s, Inc. reported results for the first quarter of 2020. As previously reported, the company had net sales of $3.017 billion. Nearly all of the company's stores have now reopened, including stores in the major metropolitan regions. Stores continued to perform ahead of expectations through May and June, and the company's digital business sales remained strong across geographies. The company continues to expect a gradual sales recovery. Primarily as a result of the COVID-19 pandemic, the company’s long-term projections and market capitalization changed, requiring interim impairment assessments for its goodwill and long-lived assets. As a result of these assessments, the company recognized pre-tax, non-cash goodwill and long-lived asset impairment charges of $3.1 billion and $80 million, respectively, during the 13 weeks ended May 2, 2020. The company is now reporting a Diluted loss per share of $11.53 and Adjusted Diluted loss per share of $2.03.

With No Potter, Sales Plunged at Scholastic in Q1

With a 52% decline in its children’s book publishing and distribution group, total revenue fell 33% at Scholastic in the quarter ended August 31, compared to the same period a year ago. Sales in the first quarter of fiscal 2018 were $189.2 million, down from $282.7 million in the first period of fiscal 2017. The decline was due to a lack of a blockbuster title that could compare to sales of Harry Potter and the Cursed Child, which was released during the first quarter of last year. Sales in Scholastic’s trade unit plunged 60% in the quarter, falling to $46.7 million from $116.9 million. While Scholastic CEO Dick Robinson pointed to a number of bestselling new titles in this quarter, including Dav Pilkey's Dog Man: A Tale of Two Kitties, revenue from those books was not nearly enough to offset the revenue derived from Cursed Child last year. Click Read More below for more of the story.
Back To Top
×Close search
Search