USPS OIG Report: Pandemic Volume and Revenue Projected Scenarios

Objective The Postal Service develops a range of financial projections as part of its financial planning. A financial projection is an estimate or forecast of a future situation or trend based on a study of present and historical trends. The main projection the Postal Service completes is the annual financial plan, which estimates revenue, volume,…

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Committee Announces Hearing with PMG and Stakeholders on Legislative Proposals to Help USPS

Feb 11, 2021 Press Release Washington, D.C. (Feb. 11, 2021)—Today, Rep. Carolyn B. Maloney and Rep. James Comer, the Chairwoman and Ranking Member of the Committee on Oversight and Reform, invited Postmaster General Louis DeJoy, Board of Governors Chairman Ron Bloom, Postal Service Inspector General Tammy L. Whitcomb, American Postal Workers Union President Mark Dimondstein,…

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USPS: Elections held for BOG chairman, vice chairman

Ron A. Bloom and Roman Martinez IV have been unanimously elected chairman and vice chairman, respectively, of the USPS Board of Governors. The elections occurred during the board’s Feb. 9 meeting. Bloom succeeds Robert M. Duncan, the board’s chairman since September 2018, who will continue his term as a governor. Bloom has served on the…

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PMG talks service standards, plan for future in new video

In his latest video message for USPS employees, Postmaster General Louis DeJoy discusses the organization’s efforts to meet its service standards. The Postal Service has experienced challenges for several years — issues that have been exacerbated by the coronavirus pandemic — but the organization is working to turn the page. “The time to start our…

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USPS: First-quarter financial results reported

The Postal Service has reported its financial results for fiscal year 2021’s first quarter (Oct. 1-Dec. 31, 2020). Here are some highlights: • Revenue. Total revenue was $21.5 billion, up 11.1 percent from the same period one year earlier. Despite record election-related mail during the quarter, revenue from mail services dropped, the result of the…

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Postal Regulatory Commission releases Annual Report

The Postal Regulatory Commission released its annual report to the president and Congress last week. The report outlines the ways in which the commission, also known as the PRC, provided regulatory oversight of the Postal Service during the fiscal year that ended Sept. 30. The document also outlines the agency’s work to regulate rates and…

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NPMHU President Issues Statement Endorsing the USPS Fairness Act

For fifteen years, the United States Postal Service has been obligated to prefund its retiree healthcare costs at 100%. This mandate resulted in the annual loss of $5 billion over a decade and has been the primary cause of financial deficits since 2013. Because of these losses, the Postal Service faced cuts in services and…

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