First Quarter 2018 Highlights
Strong start to operating cash flow, at $216 million in the quarter
Continued revenue growth in managed document services and Global Imaging Systems operations
Adjusted operating margin of 10.4 percent, down 0.6 points year-over-year; operating margin, excluding equity income, up 0.5 points
Core operating profit, excluding equity income, grew 5 percent year-over-year
more detail at: https://www.news.xerox.com/internal_redirect/cms.ipressroom.com.s3.amazonaws.com/84/files/20184/New-Release-May-2-2018-Xerox-Reports-First-Quarter-2018-Results.pdf
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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/
FY2022 fourth quarter service performance scores covering July 1 through Aug. 12 included: *First-Class Mail: 93.0 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.3 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.5 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.
It has been a little over a year since Amazon began allowing third-party sellers to “win” the buy buttons on its book pages. Previously, orders placed using the main buy button on a book page were sourced directly from Amazon’s stock, thereby guaranteeing that publishers and authors would be paid for the purchases. But with the change, Amazon allowed orders placed using some buy buttons to be sourced from third parties, cutting authors and publishers out of those transactions. (Among the factors Amazon uses to determine who wins the buy button are price, availability, and delivery time.)