Consumer Price Index Summary
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in September on a seasonally adjusted basis, after increasing 0.6 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.7% before seasonal adjustment. -PostCom Bulletin / Bureau of Labor Statistics
Elimination of hard copy statements
The Postal Service issued an Industry Alert on September 29 to remind mailers that they would discontinue hard copy postage statements and the news alert is a reminder that on January 28 hard copy statements will no longer be accepted. USPS is referring parties to third party solutions and is also highlighting its own solutions: […]
USPS Proposes New Prices for 2024
Today, the Postal Service filed notice with the Postal Regulatory Commission (PRC) of mailing services price changes to take effect January 21, 2024. The new rates include a 2-cent increase in the price of a First-Class Mail Forever stamp, from 66 cents to 68 cents. The proposed adjustments, approved by the governors of the Postal […]
Postal Service Announces More Plant Consolidations and S&DC Conversions
The Postal Service has notified unions and management associations of several updates in its transformation of the processing and delivering networks. Employees at five more P&DCs have been notified that their facility is under review for consolidation, and a recent presentation to the unions and management associations has revealed the locations of 17 more Sorting […]
USPS Expected to Release January 2024 Rates Tomorrow
Since September 28, the Postal Service’s Board of Governors met for two days in closed session. Consensus expectations are that the USPS will announce – probably late tomorrow just before the holiday weekend – that is going to raise rates on Market Dominant products for the seventh time since 2020. -Industry Notes
USPS Financial Condition Worsening in August
(PostCom Bulletin)With one month of financial reporting left in the current fiscal year, the Postal Service’s results continue to lag expectations. Consistent with recent trends, the Postal Service reported significant declines in market-dominant product volumes, contributing to troubling financial results for the month of August 2023. Competitive product volumes ticked up slightly, but overall postal […]
USPS Gives its Regulator a Budget Boost
The USPS Board of Governors recently approved a $21.12 million budget for the Postal Regulatory Commission in fiscal 2024. USPS said that “combined with the PRC’s other resources,” the commission will have $27.2 million to spend next fiscal year. USPS said the commission’s FY 2024 budget is a 28% spending increase, compared to its estimated […]
USPS Announces Corrections to September EELLS Labeling Lists L004 and L010
The 3-digit ZIP Code 847 was inadvertently omitted from the September publication of the EELLS Labeling List L004. For the Month of September mailers will need to manually add ZIP Code 847 to L004, ADC LAS VAGAS NV 890 . This will be corrected in the next publication of the new EELLS labeling lists in […]
Postal Service Launches Seven New Sorting and Delivery Centers
Industry Alert The Postal Service will launch seven new sorting and delivery centers (S&DC) around the nation in September 2023. These S&DCs are an integral part of the Postal Service’s Delivering for America plan to create a best-in-class processing and delivery network. The S&DCs will revitalize our network of nearly 19,000 delivery units — the […]
USPS July Financial Results Continue Negative Trend
USPS Release / PostCom Bulletin In its most recent financial report, the Postal Service posted a significant net loss as volume declines continue. Consistent with recent trends, the Postal Service reported significant declines in market-dominant product volumes, contributing to disappointing financial results for the month of July 2023. Competitive product volumes ticked up slightly, but […]