PRC Releases FY 2019 Annual Report to the President and Congress

Washington, DC – January 21, 2020 – The Postal Regulatory Commission (Commission) today released its Fiscal Year 2019 Annual Report to the President and Congress. The report provides a summary of the main activities undertaken by the Commission throughout the year. Each year, the Commission is required to address in its report information concerning the…

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USPS: Five-Year Strategic Plan 2020-2024

The Five-Year Plan aims to return the Postal Service to financial stability, preserve the affordability of mail and allow us to more readily adapt to a dynamic market place. The plan focuses on five major goals: Goal 1 — Deliver world-class services and customer experiences Goal 2 — Equip, connect, engage, and empower employees to…

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USPS OIG: Fall 2019 Semiannual Report to Congress

The Office of Inspector General is tasked with ensuring efficiency, accountability, and integrity in the U.S. Postal Service. We also have the distinct mission of helping to maintain confidence in the mail and postal system, as well as to improve the Postal Service’s bottom line. We use audits and investigations to help protect the integrity…

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NALC President’s Statement On USPS Financial Results for FY 2019

The large loss posted by the U.S. Postal Service in Fiscal Year 2019 ($8.8 billion) is largely the result of external factors, not the normal operations of the agency. More than half the loss stems from the 2006 congressional mandate that requires the Postal Service, alone among all public agencies and private companies, to pre-fund…

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Pennsylvania Rep. Scanlon supports USPS Fairness Act

Excerpt: October 16, 2019 “I proudly cosponsored the USPS Fairness Act to end the requirement that USPS pre-fund its retiree health benefits. The pre-fund mandate puts an unfair and undue burden on USPS, and it has prevented the agency from investing in new technologies, services, and products. As the Representative for Pennsylvania’s Fifth District, I…

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USPS: CFO Corbett reviews latest financial results (video)

In his latest “Dollars and Change” video, Chief Financial Officer Joe Corbett reviews the Postal Service’s financial results from fiscal 2019’s third quarter (April 1-June 30). USPS recorded total revenue of $17.1 billion and operating expenses of $19.3 billion, leaving the organization with a net loss of $2.3 billion. The net loss was driven by…

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NALC: USPS Fairness Act reaches bipartisan majority

The USPS Fairness Act (H.R. 2382), which would repeal the retiree health benefit pre-funding requirement, passed the threshold for bipartisan majority support in the House Of Representatives with 218 co-sponsors. However, more support is needed for this bill. With new House rules, legislation that reaches 290 or more co-sponsors can be scheduled directly for a…

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