PRC Releases Report Analyzing Postal Service’s FY 2023 Finances

June 17, 2024 Washington, DC¬†‚Äď The Postal Regulatory Commission released today its Financial Analysis report for Fiscal Year (FY) 2023. The in-depth analysis of the Postal Service‚Äôs financial performance concluded that the organization‚Äôs overall financial condition continues to worsen. In FY 2023, the Postal Service recorded a net operating loss of $2.3 billion ‚ÄĒ an…

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Postal Regulatory Commission Continues to Probe DFA

June 17, 2024 Washington, DC¬†‚ÄstToday, the Postal Regulatory Commission requested¬†information¬†about continued large-scale network changes by the Postal Service despite its announced ‚Äúpause‚ÄĚ in implementing parts of the Delivering for America (DFA) plan. In addition, the Commission asked the Postal Service about the scope and nature of the pilot test described by the Postal Service regarding…

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U.S. Postal Service Recommends New Prices for July 2024

April 9, 2024 USPS has notified the Postal Regulatory Commission of mailing services price changes to take effect Sunday, July 14. The proposed adjustments, approved by the Postal Service governors, would raise mailing services product prices approximately 7.8 percent. The commission will review the changes before they are scheduled to take effect. If favorably reviewed,…

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PRC Issues Report Evaluating USPS Service Levels and Rates

March 29, 2024 Washington, DC ‚ÄďLate in the afternoon yesterday, the Postal Regulatory Commission issued its¬†FY 2023 Annual Compliance Determination¬†(ACD) assessing the Postal Service‚Äôs compliance with regulations regarding rates and service performance. Each year the Commission must issue its ACD 90 days after the filing of the Postal Service‚Äôs¬†Annual Compliance Report¬†(ACR) (39 U.S.C. Section 3653)….

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USPS OIG Report: Variations and Trends in Postal Regulatory Oversight

Unlike most of its international peers, the Postal Regulatory Commission (PRC) only oversees the postal sector rather than multiple sectors. Further, it is unique in that it oversees only one entity, the Postal Service, and not the entire postal sector. The U.S. postal regulatory framework is different in that the national post itself can set…

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PRC Commissioners Pay a Visit to USPS Processing Plants in Georgia

Washington,¬†DC¬†– Postal Regulatory Commission Vice Chairman Thomas G. Day and Commissioner Ashley E. Poling recently toured two U.S. Postal Service processing facilities to witness, first-hand, ongoing network changes made by the Postal Service as part of its Delivering for America plan. Guided by a senior postal official on January 17, Vice Chairman Day and Commissioner…

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New prices will take effect Jan. 21 – USPS announced the changes last fall

January 17, 2024 The Postal Service price changes announced last fall will take effect Sunday, Jan. 21. Under the changes, prices will rise approximately 2 percent for mailing services, 5.7 percent for Priority Mail, 5.9 percent for Priority Mail Express and 5.4 percent for USPS Ground Advantage. The price adjustments are needed to provide the…

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U.S. Postal Service Proposes New Prices for 2024

October 6, 2023 USPS has notified the Postal Regulatory Commission of mailing services price changes to take effect Jan. 21, 2024. The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 2 percent. The proposed changes include: ‚Äʬ†Letters (1 ounce):¬†66 cents (current), 68 cents (planned) ‚Äʬ†Letters (metered…

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