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USPS Sees $2.1 Billion Loss for First Quarter of FY 2024:

The Postal Service reported a $2.1 billion net loss for the first quarter (Q1) of fiscal year (FY) 2024, which is more than double the $1 billion net loss for the same period last year (SPLY). The first quarter results were unveiled at the open session of the February 8 USPS Board of Governors (BOG) […]

With the activation of the Atlanta GA RPDC, the following mail moves will happen:

 Originating Letter and Flat processing for ZIPs 298, 308, and 309 will move from Augusta (308) toAtlanta RPDC (302RP) effective 02/24/2024. This applies to all mail classes. Originating Letter and Flat processing for ZIPs 304, 310, 312, 318, and 319 will move from,Macon (310), to Atlanta RPDC (302RP) effective 02/24/2024. This applies to all […]

USPS Projects a 7.7% Price Increase in July 2024

On January 23, Sharon Owens, Postal Service Vice President, Pricing and Costing, told MTAC attendees they can expect to see a 1.5% CPI-based increase as part of the July 2024 price changes, as well as a 4.3% “density adder” and a 1.8% increase in retirement authority. The density adder is calculated on the basis of […]

Postal Service Announces 30 More Consolidations

The Postal Service has published notices of intent to consolidate thirty more processing and distribution centers. According to the notices, “it is highly likely” that each P&DC “will be modernized and repurposed as a Local Processing Center, a Sorting & Delivery Center, or both, consistent with the broader network redesign outlined in the DFA Plan.” […]

Plant-Verified Drop Shipment Updates

In conjunction with the price change occurring on January 21, 2024, plant-verified drop shipment (PVDS) mailings will be verified and accepted as follows: Current Prices— PVDS mailings verified and paid for on or before January 21, 2024, using the current prices will be accepted at destination entry postal facilities through Monday, February 5, 2024, when […]

USPS Posts Worst Year in History

Late last week, the Postal Service (USPS) filed its Annual Compliance Report (ACR) for 2023 with the Postal Regulatory Commission (PRC). The Postal Accountability and Enhancement Act (PAEA) requires that USPS publish a report within 90 days of the conclusion of the fiscal year to demonstrate compliance with various provisions of PAEA e.g. the requirement […]

USPS’ Financial Slump Continues in November ’23

Despite modest growth in operating revenue, the Postal Service posted an operating loss of $1.15 billion for the month of November 2023. Consistent with recent trends, the Postal Service reported significant declines in market-dominant product volumes, though those declines were partially offset by growth in the Postal Service’s package business. Competitive product volumes increased by […]

USPS Issues Report to Congress

The Postal Service has released its annual Report to Congress, which includes a Comprehensive Statement of Operations for fiscal year (FY) 2023 as well as the FY 2024 Performance Plan. In an introduction to the report, Postmaster General Louis DeJoy and Chairman of the Board of Governors Roman Martinez discussed the intent of the March […]