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USPS Reports Service Performance Declines to BOG:

As the Postal Service reported to the Governors May 9, service performance declines were across the board. The First-Class Mail composite (letters and flats) score was 84.12 for 2Q FY 2024, compared with 90.96 for SPLY.For First-Class Mail overnight, the on-time score was 92.84, compared with 94.70 for SPLY. First-ClassMail 3-5 day saw an on-time […]

Postal Service Wants 25% Price Hike for High-Volume Package Shipping:

The Postal Service on May 10 said it is seeking an average 25% price hike for high-volume shippers toenter packages for regional delivery through its Parcel Select service. The price hike, which would takeeffect on July 14 and must be approved by the Postal Regulatory Commission, is because USPS no longerintends give incentives for parties […]

USPS Delivery Unit Proposal Sparks Service, Cost Concerns for Shipping Partners:

The Postal Service is considering changes to how it works with key shipping partners,a move experts say could challenge service levels and pressure delivery prices. The proposed changeswould affect shipping consolidators, which handle and send customers’ parcels to Postal Servicefacilities for final-mile delivery, experts told Supply Chain Dive. Specifically, USPS has broached keypartners to discuss […]

LTO Initiative Cost Savings, Service Impacts Questioned

The Postal Service Office of Inspector General (OIG) has not been able to determine what the cost savings will be from the Local Transportation Optimization (LTO) initiative in Richmond, VA., but has concluded its greatest impacts will be on rural communities and individuals who mail letters and packages more than other users of the Postal […]

South Houston LPC Issues Identified

During a recent visit to the South Houston Local Processing Center (LPC) auditors identified deficiencies that affected the efficiency of operations. As part of its peak season audit, the Postal Service Office of Inspector General (OIG) assessed the Postal Service’s acquisition and use of these peak season annexes, including the South Houston LPC, which is […]

Owens Discussed Price Change at MTAC

Sharon Owens, USPS Vice President, Pricing & Costing, summarized the price changes the Postal Service proposes to go into effect in July 2024 at the MTAC open session this week. According to Owens, the 7.8 percent price increase is based on a 1.6 percent inflation-based increase, a density adder reflecting a reduction in mailpieces per […]

USPS Proposes New Prices for July 2024

Today, the Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect July 14, 2024. The new rates include a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents. The proposed adjustments, approved by the governors of the Postal Service, […]

February USPS Financial Results Mixed:

Financial losses continue to plague the Postal Service as its reported net loss for the 2024 fiscal year grew again in February. Unlike in recent months, the Postal Service reported increases in market-dominant product volumes, which grew by just under 300 million pieces. In large part, volume increases are explained by the leap year, with […]

USPS Mail Price Hikes Driving Away More Customers Than Predicted, Study Finds:

The Postal Service has raised mail prices five times since December 2020, when its regulator granted new pricing flexibility — and may soon be asking for a sixth increase that would go into effect this summer. But a new industry report warns USPS is underestimating how much these rate hikes on its monopoly mail — […]